SolarEdge Technologies (NASDAQ:SEDG) Shares Down 10.2% – What’s Next?

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s stock price fell 10.2% on Tuesday . The company traded as low as $38.01 and last traded at $38.7080. Approximately 1,891,575 shares were traded during trading, a decline of 45% from the average session volume of 3,415,272 shares. The stock had previously closed at $43.09.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SEDG shares. UBS Group lifted their price objective on SolarEdge Technologies from $36.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Susquehanna raised their target price on shares of SolarEdge Technologies from $43.00 to $56.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Glj Research reaffirmed a “sell” rating on shares of SolarEdge Technologies in a research report on Thursday, June 11th. JPMorgan Chase & Co. upped their price objective on SolarEdge Technologies from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. Finally, TD Cowen lowered their target price on shares of SolarEdge Technologies from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, SolarEdge Technologies presently has a consensus rating of “Reduce” and an average price target of $38.06.

SolarEdge Technologies Trading Up 5.3%

The company has a debt-to-equity ratio of 0.85, a current ratio of 2.02 and a quick ratio of 1.36. The stock’s 50-day simple moving average is $57.27 and its two-hundred day simple moving average is $46.48. The firm has a market capitalization of $2.50 billion, a P/E ratio of -6.70 and a beta of 1.45.

SolarEdge Technologies (NASDAQ:SEDG) last issued its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share 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 for the quarter, compared to analysts’ expectations of $305.49 million. During the same quarter in the previous year, the business earned ($1.14) EPS. The company’s revenue for the quarter was up 41.5% on a year-over-year basis. Equities research analysts expect that SolarEdge Technologies, Inc. will post -1.1 EPS for the current year.

Insider Buying and Selling at SolarEdge Technologies

In other news, Chairman More Avery sold 2,566 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $38.76, for a total transaction of $99,458.16. Following the transaction, the chairman owned 295,379 shares of the company’s stock, valued at approximately $11,448,890.04. This represents a 0.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.04% of the company’s stock.

Institutional Trading of SolarEdge Technologies

A number of institutional investors have recently bought and sold shares of the stock. State of Wyoming acquired a new stake in SolarEdge Technologies during the fourth quarter worth about $27,000. Rakuten Securities Inc. raised its position in shares of SolarEdge Technologies by 82.1% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 432 shares during the period. Kestra Advisory Services LLC acquired a new position in SolarEdge Technologies in the fourth quarter valued at about $31,000. Canada Pension Plan Investment Board acquired a new position in SolarEdge Technologies during the second quarter worth $35,000. Finally, Altshuler Shaham Ltd acquired a new position in shares of SolarEdge Technologies in the fourth quarter valued at approximately $36,000. 95.10% of the stock is currently 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.