SolarEdge Technologies (NASDAQ:SEDG) Receives Sell Rating from Glj Research

SolarEdge Technologies (NASDAQ:SEDG)‘s stock had its “sell” rating restated by research analysts at Glj Research in a report issued on Monday,Benzinga reports. They presently have a $6.90 price target on the semiconductor company’s stock. Glj Research’s price target indicates a potential downside of 87.71% from the stock’s current price.

Several other equities analysts have also commented on the stock. TD Cowen raised their target price on shares of SolarEdge Technologies from $38.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Bank of America upgraded 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. UBS Group boosted their target price on SolarEdge Technologies from $36.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Morgan Stanley raised their target price on shares of 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, Deutsche Bank Aktiengesellschaft cut their price objective on SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating on the stock in a report on Thursday, May 7th. One analyst has rated the stock with a Buy rating, sixteen have given a Hold rating and seven have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $30.40.

SolarEdge Technologies Stock Performance

NASDAQ SEDG traded down $5.63 on Monday, hitting $56.13. 2,493,501 shares of the stock were exchanged, compared to its average volume of 3,616,341. The business’s fifty day moving average is $43.66 and its 200 day moving average is $37.54. SolarEdge Technologies has a 52 week low of $13.73 and a 52 week high of $63.53. The company has a market capitalization of $3.41 billion, a PE ratio of -9.14 and a beta of 1.18. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.02 and a quick ratio of 1.36.

SolarEdge Technologies (NASDAQ:SEDG) last issued its earnings results 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 firm had revenue of $309.90 million during the quarter, compared to the consensus estimate of $305.49 million. SolarEdge Technologies had a negative net margin of 28.56% and a negative return on equity of 38.66%. The firm’s revenue for the quarter was up 41.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.14) earnings per share. Research analysts anticipate that SolarEdge Technologies will post -0.95 EPS for the current fiscal year.

Insider Activity

In related news, Chairman More Avery sold 2,566 shares of SolarEdge Technologies stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $38.76, for a total value of $99,458.16. Following the completion of the sale, the chairman owned 295,379 shares of the company’s stock, valued at approximately $11,448,890.04. This trade represents a 0.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.71% of the stock is owned by company insiders.

Hedge Funds Weigh In On SolarEdge Technologies

Several hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its holdings 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 worth $16,147,000 after buying an additional 79,461 shares during the last quarter. First Trust Advisors LP raised its stake in shares of SolarEdge Technologies by 2.8% in the second quarter. First Trust Advisors LP now owns 560,585 shares of the semiconductor company’s stock valued at $11,436,000 after buying an additional 15,333 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of SolarEdge Technologies by 4.6% during the 2nd 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 period. Bayesian Capital Management LP purchased a new stake in SolarEdge Technologies in the 2nd quarter worth about $206,000. Finally, Canada Pension Plan Investment Board bought a new stake in SolarEdge Technologies in the 2nd quarter valued at about $35,000. Institutional investors own 95.10% of the company’s stock.

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.