SolarEdge Technologies (NASDAQ:SEDG) Stock Price Down 7.9% – Time to Sell?

SolarEdge Technologies, Inc. (NASDAQ:SEDG) shares fell 7.9% during mid-day trading on Monday . The stock traded as low as $49.10 and last traded at $47.6640. 1,133,599 shares were traded during mid-day trading, a decline of 66% from the average session volume of 3,334,917 shares. The stock had previously closed at $51.73.

Analyst Ratings Changes

Several research analysts have recently weighed in on SEDG shares. Barclays increased their price target on SolarEdge Technologies from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Royal Bank Of Canada dropped their price objective on shares of SolarEdge Technologies from $34.00 to $32.00 and set a “sector perform” rating on the stock in a report on Thursday, February 19th. Wells Fargo & Company increased their target price on shares of SolarEdge Technologies from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of SolarEdge Technologies from $35.00 to $33.00 and set a “hold” rating for the company in a research note on Friday, February 20th. Finally, Jefferies Financial Group raised shares of SolarEdge Technologies from an “underperform” rating to a “hold” rating and boosted their price target for the company from $30.00 to $49.00 in a research report on Friday. One equities research analyst has rated the stock with a Buy rating, eighteen have assigned a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $29.09.

SolarEdge Technologies Stock Performance

The firm has a market capitalization of $2.84 billion, a PE ratio of -6.84 and a beta of 1.62. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.82. The company has a 50-day moving average of $36.60 and a 200 day moving average of $35.18.

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

Institutional Trading of SolarEdge Technologies

Hedge funds have recently made changes to their positions in the stock. Accent Capital Management LLC purchased a new position in SolarEdge Technologies in the third quarter worth $25,000. Whittier Trust Co. purchased a new stake in SolarEdge Technologies during the third quarter valued at 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 worth $27,000 after purchasing an additional 571 shares during the last quarter. State of Wyoming purchased a new position in shares of SolarEdge Technologies in the 4th quarter worth about $27,000. Finally, Saranac Partners Ltd purchased a new position in shares of SolarEdge Technologies in the 3rd quarter worth about $28,000. 95.10% of the stock is 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.