SolarEdge Technologies (NASDAQ:SEDG) Trading Down 10% – Here’s Why

SolarEdge Technologies, Inc. (NASDAQ:SEDG) shares were down 10% during trading on Monday . The stock traded as low as $56.08 and last traded at $55.60. Approximately 1,953,586 shares were traded during trading, a decline of 46% from the average daily volume of 3,611,369 shares. The stock had previously closed at $61.76.

Analyst Upgrades and Downgrades

SEDG has been the subject of several analyst reports. TD Cowen upped their target price on SolarEdge Technologies from $38.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft lowered their price target on SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating for the company in a report on Thursday, May 7th. Jefferies Financial Group raised SolarEdge Technologies from an “underperform” rating to a “hold” rating and increased their target price for the stock from $30.00 to $49.00 in a research note on Friday, March 20th. Citigroup dropped their price target on shares of SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating for the company in a research note on Thursday, May 7th. Finally, 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 report on Thursday, May 7th. One research analyst has rated the stock with a Buy rating, sixteen have assigned a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $30.40.

SolarEdge Technologies Trading Down 11.9%

The stock has a market capitalization of $3.31 billion, a PE ratio of -8.89 and a beta of 1.18. The company has a quick ratio of 1.36, a current ratio of 2.02 and a debt-to-equity ratio of 0.85. The business’s 50-day moving average is $43.66 and its two-hundred day moving average is $37.54.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings results 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). The company had revenue of $309.90 million during the quarter, compared to analysts’ expectations of $305.49 million. SolarEdge Technologies had a negative net margin of 28.56% and a negative return on equity of 38.66%. SolarEdge Technologies’s revenue was up 41.5% on a year-over-year basis. During the same period last year, the firm earned ($1.14) earnings per share. On average, analysts anticipate that SolarEdge Technologies, Inc. will post -0.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In other SolarEdge Technologies news, Chairman More Avery sold 2,566 shares of SolarEdge Technologies stock in a transaction that occurred 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 $11,448,890.04. The trade was a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.71% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. UBS Group AG increased its position in SolarEdge Technologies by 18.5% during the fourth quarter. UBS Group AG now owns 4,210,429 shares of the semiconductor company’s stock worth $121,471,000 after buying an additional 655,925 shares during the period. Vanguard Group Inc. increased its position in SolarEdge Technologies by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 3,368,073 shares of the semiconductor company’s stock worth $97,169,000 after buying an additional 175,582 shares during the period. Invesco Ltd. grew its stake in shares of SolarEdge Technologies by 28.6% in the 4th quarter. Invesco Ltd. now owns 2,169,822 shares of the semiconductor company’s stock valued at $62,599,000 after purchasing an additional 483,052 shares during the last quarter. Menora Mivtachim Holdings LTD. grew its stake in shares of SolarEdge Technologies by 41.1% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 2,103,521 shares of the semiconductor company’s stock valued at $77,830,000 after purchasing an additional 612,884 shares during the last quarter. Finally, Electron Capital Partners LLC grew its stake in shares of SolarEdge Technologies by 107.8% in the 3rd quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company’s stock valued at $64,105,000 after purchasing an additional 898,802 shares during the last quarter. Institutional investors and hedge funds own 95.10% of the company’s stock.

About SolarEdge Technologies

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.