More Avery Sells 2,566 Shares of SolarEdge Technologies (NASDAQ:SEDG) Stock

SolarEdge Technologies, Inc. (NASDAQ:SEDG) Chairman More Avery sold 2,566 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $38.76, for a total transaction of $99,458.16. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

SolarEdge Technologies Trading Down 3.3%

SEDG opened at $40.42 on Wednesday. The company has a market cap of $2.46 billion, a P/E ratio of -6.59 and a beta of 1.18. 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’s 50 day moving average is $42.89 and its 200-day moving average is $37.28. SolarEdge Technologies, Inc. has a 1-year low of $13.73 and a 1-year high of $53.75.

SolarEdge Technologies (NASDAQ:SEDG) last released its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.20). The company had revenue of $309.90 million for the quarter, compared to analyst estimates of $305.49 million. SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.SolarEdge Technologies’s revenue for the quarter was up 41.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.14) earnings per share. Equities research analysts predict that SolarEdge Technologies, Inc. will post -0.71 earnings per share for the current fiscal year.

Institutional Trading of SolarEdge Technologies

Several institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. grew its position in shares of SolarEdge Technologies by 8.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 997,962 shares of the semiconductor company’s stock valued at $16,147,000 after buying an additional 79,461 shares during the last quarter. First Trust Advisors LP raised its position in shares of SolarEdge Technologies by 2.8% during the second quarter. First Trust Advisors LP now owns 560,585 shares of the semiconductor company’s stock worth $11,436,000 after acquiring an additional 15,333 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of SolarEdge Technologies by 4.6% during the second quarter. The Manufacturers Life Insurance Company now owns 16,023 shares of the semiconductor company’s stock worth $327,000 after acquiring an additional 700 shares during the last quarter. Bayesian Capital Management LP acquired a new position in shares of SolarEdge Technologies in the second quarter worth approximately $206,000. Finally, Canada Pension Plan Investment Board bought a new stake in SolarEdge Technologies in the second quarter valued at approximately $35,000. Institutional investors own 95.10% of the company’s stock.

Analyst Upgrades and Downgrades

SEDG has been the subject of a number of research reports. UBS Group increased their price target on SolarEdge Technologies from $36.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. TD Cowen boosted their price objective on SolarEdge Technologies from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Wells Fargo & Company upped their target price on SolarEdge Technologies from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Morgan Stanley increased their target price on SolarEdge Technologies from $33.00 to $40.00 and gave the company an “equal weight” rating in a research report on Thursday, February 19th. Finally, Bank of America raised SolarEdge Technologies from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $17.00 to $40.00 in a research note on Tuesday, March 10th. One equities research analyst has rated the stock with a Buy rating, sixteen have assigned a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat, SolarEdge Technologies has a consensus rating of “Reduce” and an average price target of $30.40.

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.