SolarEdge Technologies (NASDAQ:SEDG) Stock Price Up 7.5% – Still a Buy?

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s stock price traded up 7.5% on Tuesday . The company traded as high as $36.45 and last traded at $36.7820. Approximately 573,700 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 3,426,677 shares. The stock had previously closed at $34.20.

Wall Street Analysts Forecast Growth

SEDG has been the topic of a number of recent research reports. Barclays lowered their target price on SolarEdge Technologies from $53.00 to $37.00 and set an “equal weight” rating on the stock in a report on Thursday, August 6th. Weiss Ratings upgraded SolarEdge Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 21st. UBS Group upgraded shares of SolarEdge Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $36.00 to $42.00 in a research report on Wednesday, August 26th. Wells Fargo & Company initiated coverage on SolarEdge Technologies in a research report on Monday, June 29th. They issued an “equal weight” rating and a $36.00 target price on the stock. Finally, The Goldman Sachs Group dropped their price objective on shares of SolarEdge Technologies from $34.00 to $30.00 and set a “sell” rating for the company in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $38.36.

SolarEdge Technologies Stock Performance

The company has a market capitalization of $2.17 billion, a PE ratio of -7.82 and a beta of 1.44. The firm’s 50-day simple moving average is $40.49 and its 200-day simple moving average is $46.41. The company has a current ratio of 2.03, a quick ratio of 1.38 and a debt-to-equity ratio of 0.85.

SolarEdge Technologies (NASDAQ:SEDG) last issued its earnings results on Wednesday, August 5th. The semiconductor company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.07. SolarEdge Technologies had a negative return on equity of 29.17% and a negative net margin of 20.29%.The business had revenue of $346.20 million during the quarter, compared to analyst estimates of $341.15 million. During the same period in the previous year, the company posted ($0.81) EPS. SolarEdge Technologies’s revenue was up 19.6% on a year-over-year basis. On average, research analysts predict that SolarEdge Technologies, Inc. will post -1.23 earnings per share for the current year.

Hedge Funds Weigh In On SolarEdge Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in SEDG. Oregon Public Employees Retirement Fund grew its position in shares of SolarEdge Technologies by 2.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,677 shares of the semiconductor company’s stock worth $395,000 after buying an additional 300 shares during the last quarter. State of Wyoming grew its stake in SolarEdge Technologies by 32.9% during the 1st quarter. State of Wyoming now owns 1,237 shares of the semiconductor company’s stock valued at $63,000 after purchasing an additional 306 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of SolarEdge Technologies by 1.2% in the second quarter. Tidal Investments LLC now owns 42,411 shares of the semiconductor company’s stock valued at $865,000 after purchasing an additional 484 shares during the period. Allworth Financial LP purchased a new position in shares of SolarEdge Technologies in the second quarter worth about $31,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of SolarEdge Technologies by 28.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 553 shares during the period. Hedge funds and other institutional investors 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.