SolarEdge Technologies (NASDAQ:SEDG) Given “Sell” Rating at Glj Research

SolarEdge Technologies (NASDAQ:SEDG)‘s stock had its “sell” rating restated by investment analysts at Glj Research in a research note issued on Monday,Benzinga reports. They presently have a $6.90 price target on the semiconductor company’s stock. Glj Research’s price target would suggest a potential downside of 87.71% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the company. Wells Fargo & Company lifted their price target on SolarEdge Technologies from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Bank of America raised shares of SolarEdge Technologies from an “underperform” rating to a “neutral” rating and raised their price target for the company from $17.00 to $40.00 in a report on Tuesday, March 10th. Jefferies Financial Group upgraded SolarEdge Technologies from an “underperform” rating to a “hold” rating and increased their price objective for the company from $30.00 to $49.00 in a research report on Friday, March 20th. Barclays boosted their target price on SolarEdge Technologies from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Finally, Morgan Stanley raised their price target on SolarEdge Technologies from $33.00 to $40.00 and gave the company an “equal weight” rating in a report on Thursday, February 19th. One research analyst has rated the stock with a Buy rating, sixteen have given a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $30.40.

SolarEdge Technologies Price Performance

SEDG stock traded down $5.63 during trading on Monday, hitting $56.13. The company had a trading volume of 2,493,501 shares, compared to its average volume of 3,616,341. SolarEdge Technologies has a fifty-two week low of $13.73 and a fifty-two week high of $63.53. The company has a current ratio of 2.02, a quick ratio of 1.36 and a debt-to-equity ratio of 0.85. The company has a fifty day moving average price of $43.66 and a two-hundred day moving average price of $37.54. The company has a market cap of $3.41 billion, a P/E ratio of -9.14 and a beta of 1.18.

SolarEdge Technologies (NASDAQ:SEDG) last released its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.20). SolarEdge Technologies had a negative net margin of 28.56% and a negative return on equity of 38.66%. The firm had revenue of $309.90 million during the quarter, compared to analyst estimates of $305.49 million. During the same quarter last year, the firm earned ($1.14) earnings per share. SolarEdge Technologies’s quarterly revenue was up 41.5% on a year-over-year basis. Equities research analysts expect that SolarEdge Technologies will post -0.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman More Avery sold 2,566 shares of SolarEdge Technologies stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $38.76, for a total transaction of $99,458.16. Following the transaction, the chairman directly owned 295,379 shares of the company’s stock, valued at $11,448,890.04. This trade represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.71% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Accent Capital Management LLC acquired a new stake in shares of SolarEdge Technologies during the third quarter worth about $25,000. Whittier Trust Co. acquired a new stake in SolarEdge Technologies in the 3rd quarter valued at approximately $27,000. Hantz Financial Services Inc. lifted its stake in SolarEdge Technologies by 352.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 571 shares in the last quarter. State of Wyoming bought a new position in shares of SolarEdge Technologies during the 4th quarter worth approximately $27,000. Finally, Saranac Partners Ltd bought a new position in shares of SolarEdge Technologies during the 3rd quarter worth approximately $28,000. 95.10% of the stock is currently owned by institutional investors.

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.