KLP Kapitalforvaltning AS Acquires 2,800 Shares of SolarEdge Technologies, Inc. $SEDG

KLP Kapitalforvaltning AS raised its position in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 26.2% during the second quarter, HoldingsChannel.com reports. The firm owned 13,500 shares of the semiconductor company’s stock after purchasing an additional 2,800 shares during the period. KLP Kapitalforvaltning AS’s holdings in SolarEdge Technologies were worth $275,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its position in SolarEdge Technologies by 93.7% in the 1st quarter. Fifth Third Bancorp now owns 1,633 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 790 shares during the period. Edmond DE Rothschild Holding S.A. raised its position in SolarEdge Technologies by 60.0% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,600 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 600 shares during the period. Banque Cantonale Vaudoise purchased a new stake in SolarEdge Technologies in the 1st quarter worth about $35,000. Public Employees Retirement System of Ohio raised its position in SolarEdge Technologies by 21.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,868 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 508 shares during the period. Finally, US Bancorp DE raised its position in SolarEdge Technologies by 25.2% in the 1st quarter. US Bancorp DE now owns 4,560 shares of the semiconductor company’s stock worth $74,000 after purchasing an additional 918 shares during the period. 95.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Roth Capital increased their price objective on shares of SolarEdge Technologies from $15.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SolarEdge Technologies in a research note on Wednesday, October 8th. BNP Paribas Exane downgraded shares of SolarEdge Technologies from a “neutral” rating to an “underperform” rating and set a $17.00 price target for the company. in a research note on Wednesday, July 16th. UBS Group lifted their price target on shares of SolarEdge Technologies from $20.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of SolarEdge Technologies from $19.00 to $28.00 and gave the company a “hold” rating in a research note on Wednesday, October 1st. Eighteen analysts have rated the stock with a Hold rating and eleven have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $20.44.

SolarEdge Technologies Stock Performance

Shares of SEDG stock opened at $37.02 on Monday. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of -1.24 and a beta of 1.58. The company’s 50 day moving average is $33.87 and its 200 day moving average is $24.54. The company has a quick ratio of 1.42, a current ratio of 1.94 and a debt-to-equity ratio of 0.72. SolarEdge Technologies, Inc. has a 52-week low of $10.24 and a 52-week high of $41.92.

SolarEdge Technologies (NASDAQ:SEDG) last issued its quarterly earnings data on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.81). The company had revenue of $289.43 million for the quarter, compared to analyst estimates of $270.03 million. SolarEdge Technologies had a negative net margin of 177.64% and a negative return on equity of 191.53%. SolarEdge Technologies’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company posted ($1.79) earnings per share. SolarEdge Technologies has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that SolarEdge Technologies, Inc. will post -4.54 EPS for the current fiscal year.

SolarEdge Technologies Profile

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.