SolarEdge Technologies (NASDAQ:SEDG) Shares Gap Down – Here’s What Happened

SolarEdge Technologies, Inc. (NASDAQ:SEDG) shares gapped down prior to trading on Wednesday . The stock had previously closed at $38.11, but opened at $36.40. SolarEdge Technologies shares last traded at $38.4930, with a volume of 483,112 shares traded.

SolarEdge Technologies News Summary

Here are the key news stories impacting SolarEdge Technologies this week:

• Positive Sentiment: Bank of America upgraded SEDG from Underperform to Neutral and raised its price target to $40 (from $17), a fresh catalyst that drove the intraday rally by improving sentiment and raising upside expectations. Read More.
• Positive Sentiment: Analysts (and coverage pieces) highlighted that SolarEdge’s revenue, margins and liquidity have stabilized versus prior volatility, supporting the view the downside is nearer term contained — this research underpinned the upgrade and the buying. Read More.
• Neutral Sentiment: Sector momentum amplified moves: broader solar/clean-energy names rallied intraday, contributing to SolarEdge’s roughly double-digit intraday pop before after-hours news. That means part of the move was industry-driven rather than company-specific. Read More.
• Negative Sentiment: SolarEdge announced CFO Asaf Alperovitz notified the Board he will step down to take a CFO role outside the industry; the Board has begun a search and Alperovitz will remain in place through mid‑June. Leadership transitions at the finance level introduce near-term execution and reporting uncertainty, which pressured the stock after-hours. Read More. Read More.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of SolarEdge Technologies from $35.00 to $33.00 and set a “hold” rating on the stock in a research report on Friday, February 20th. Bank of America raised shares of SolarEdge Technologies from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $17.00 to $40.00 in a report on Tuesday. Morgan Stanley upped their price objective on SolarEdge Technologies from $33.00 to $40.00 and gave the company an “equal weight” rating in a report on Thursday, February 19th. Citigroup dropped their price target on SolarEdge Technologies from $30.00 to $29.00 and set a “sell” rating on the stock in a research note on Thursday, December 18th. Finally, Barclays lifted their price objective on SolarEdge Technologies from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. One analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and seven have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $27.68.

SolarEdge Technologies Trading Down 4.7%

The business has a 50 day simple moving average of $34.81 and a two-hundred day simple moving average of $34.68. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.82. The company has a market cap of $2.19 billion, a PE ratio of -5.33 and a beta of 1.62.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.05. SolarEdge Technologies had a negative return on equity of 45.54% and a negative net margin of 34.23%.The business had revenue of $333.80 million during the quarter, compared to the consensus estimate of $330.33 million. During the same quarter in the previous year, the business earned ($3.52) earnings per share. The business’s revenue for the quarter was up 70.9% on a year-over-year basis. On average, analysts forecast that SolarEdge Technologies, Inc. will post -4.54 EPS for the current fiscal year.

Hedge Funds Weigh In On SolarEdge Technologies

A number of large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its stake in shares of SolarEdge Technologies by 8.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 997,962 shares of the semiconductor company’s stock valued at $16,147,000 after buying an additional 79,461 shares during the period. Bank of Montreal Can lifted its stake in shares of SolarEdge Technologies by 10.2% in the 2nd quarter. Bank of Montreal Can now owns 26,637 shares of the semiconductor company’s stock valued at $543,000 after purchasing an additional 2,468 shares in the last quarter. Resona Asset Management Co. Ltd. increased its position in SolarEdge Technologies by 6.7% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 6,472 shares of the semiconductor company’s stock worth $128,000 after purchasing an additional 404 shares in the last quarter. Geode Capital Management LLC grew its stake in SolarEdge Technologies by 1.0% during the second quarter. Geode Capital Management LLC now owns 749,589 shares of the semiconductor company’s stock worth $15,295,000 after buying an additional 7,552 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of SolarEdge Technologies by 2.9% in the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 54,133 shares of the semiconductor company’s stock worth $1,158,000 after acquiring an additional 1,523 shares in the last quarter. Hedge funds and other institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Company Profile

SolarEdge Technologies (NASDAQ: SEDG) is a global provider of solar energy solutions focused on optimizing photovoltaic (PV) power generation. The company’s core offerings include power optimizers, inverters and cloud-based monitoring platforms designed to maximize energy output and improve safety across residential, commercial and utility-scale installations. By coupling module-level electronics with centralized inverters, SolarEdge’s technology enables real-time performance monitoring and rapid fault detection to enhance system reliability.

In recent years, SolarEdge has expanded its product portfolio beyond solar PV to include energy storage systems, electric vehicle (EV) charging solutions and smart energy management tools.