SolarEdge Technologies (NASDAQ:SEDG) Shares Down 9.5% – Time to Sell?

SolarEdge Technologies, Inc. (NASDAQ:SEDG) was down 9.5% during mid-day trading on Friday . The company traded as low as $36.27 and last traded at $36.5650. Approximately 1,575,528 shares traded hands during trading, a decline of 50% from the average daily volume of 3,159,406 shares. The stock had previously closed at $40.40.

Wall Street Analysts Forecast Growth

SEDG has been the subject of several recent research reports. Raymond James Financial began coverage on shares of SolarEdge Technologies in a research note on Tuesday, January 13th. They issued a “market perform” rating for the company. TD Cowen lifted their price target on shares of SolarEdge Technologies from $38.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. UBS Group lifted their price target on SolarEdge Technologies from $30.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, November 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SolarEdge Technologies in a research note on Monday, December 29th. Finally, Wells Fargo & Company lifted their price objective on shares of SolarEdge Technologies from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. One analyst has rated the stock with a Buy rating, sixteen have issued a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $27.28.

SolarEdge Technologies Stock Performance

The stock’s fifty day simple moving average is $33.76 and its two-hundred day simple moving average is $34.19. The company has a market cap of $2.06 billion, a price-to-earnings ratio of -5.00 and a beta of 1.66. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.48 and a current ratio of 2.17.

SolarEdge Technologies (NASDAQ:SEDG) last released its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported ($0.14) EPS for the quarter, topping the consensus estimate 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 firm had revenue of $333.80 million for the quarter, compared to analyst estimates of $330.33 million. During the same period in the previous year, the company posted ($3.52) EPS. SolarEdge Technologies’s revenue for the quarter was up 70.9% on a year-over-year basis. Equities research analysts anticipate that SolarEdge Technologies, Inc. will post -4.54 EPS for the current year.

Institutional Investors Weigh In On SolarEdge Technologies

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

About SolarEdge Technologies

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.