SolarEdge Technologies (NASDAQ:SEDG) Trading Down 9.2% – Here’s What Happened

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s share price dropped 9.2% during trading on Monday . The company traded as low as $46.61 and last traded at $47.00. Approximately 1,895,834 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 3,375,196 shares. The stock had previously closed at $51.76.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Royal Bank Of Canada cut their target price on shares of SolarEdge Technologies from $34.00 to $32.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 19th. Morgan Stanley raised their target price on SolarEdge Technologies from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 19th. The Goldman Sachs Group lifted their price target on SolarEdge Technologies from $32.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Raymond James Financial began coverage on SolarEdge Technologies in a research note on Tuesday, January 13th. They issued a “market perform” rating for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of SolarEdge Technologies in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, SolarEdge Technologies has an average rating of “Reduce” and a consensus target price of $29.09.

SolarEdge Technologies Trading Down 8.5%

The business’s 50-day simple moving average is $38.12 and its 200-day simple moving average is $35.79. The company has a market cap of $2.86 billion, a PE ratio of -6.89 and a beta of 1.62. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.82.

SolarEdge Technologies (NASDAQ:SEDG) last posted its quarterly earnings results on Thursday, February 26th. The semiconductor company reported ($0.14) EPS for the quarter. SolarEdge Technologies had a negative net margin of 34.23% and a negative return on equity of 45.54%. The company had revenue of $333.80 million for the quarter. As a group, analysts expect that SolarEdge Technologies, Inc. will post -4.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SEDG. UBS Group AG lifted its holdings in shares of SolarEdge Technologies by 18.5% during the 4th quarter. UBS Group AG now owns 4,210,429 shares of the semiconductor company’s stock valued at $121,471,000 after buying an additional 655,925 shares during the last quarter. Vanguard Group Inc. increased its holdings in SolarEdge Technologies by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 3,368,073 shares of the semiconductor company’s stock worth $97,169,000 after buying an additional 175,582 shares during the last quarter. Invesco Ltd. raised its position in SolarEdge Technologies by 28.6% during the fourth quarter. Invesco Ltd. now owns 2,169,822 shares of the semiconductor company’s stock valued at $62,599,000 after acquiring an additional 483,052 shares in the last quarter. Menora Mivtachim Holdings LTD. lifted its stake in SolarEdge Technologies by 41.1% in the third quarter. Menora Mivtachim Holdings LTD. now owns 2,103,521 shares of the semiconductor company’s stock valued at $77,830,000 after acquiring an additional 612,884 shares during the last quarter. Finally, Electron Capital Partners LLC raised its holdings in SolarEdge Technologies by 107.8% during the third quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company’s stock valued at $64,105,000 after buying an additional 898,802 shares in the last quarter. 95.10% of the stock is owned by institutional investors and hedge funds.

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.