SolarEdge Technologies (NASDAQ:SEDG) Shares Gap Up – Still a Buy?

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $63.17, but opened at $67.44. SolarEdge Technologies shares last traded at $66.8610, with a volume of 412,158 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Royal Bank Of Canada reduced their price objective on SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating for the company in a research note on Thursday, May 7th. UBS Group upped 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. Wells Fargo & Company upped their price target on SolarEdge Technologies from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. Deutsche Bank Aktiengesellschaft dropped their price target on SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating on the stock in a research report on Thursday, May 7th. Finally, Jefferies Financial Group upgraded SolarEdge Technologies from an “underperform” rating to a “hold” rating and boosted their price objective for the company from $30.00 to $49.00 in a research note on Friday, March 20th. One investment analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and seven have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $33.25.

SolarEdge Technologies Price Performance

The firm has a market capitalization of $4.06 billion, a P/E ratio of -10.89 and a beta of 1.42. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.36 and a current ratio of 2.02. The business has a 50 day simple moving average of $51.45 and a two-hundred day simple moving average of $40.66.

SolarEdge Technologies (NASDAQ:SEDG) last announced its 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 business had revenue of $309.90 million during the quarter, compared to the consensus estimate 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 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. On average, sell-side analysts expect that SolarEdge Technologies, Inc. will post -1.12 EPS for the current fiscal year.

Insider Activity

In other news, Chairman More Avery sold 2,566 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $38.76, for a total value of $99,458.16. Following the completion of the transaction, the chairman directly owned 295,379 shares in the company, valued at approximately $11,448,890.04. This represents a 0.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.04% of the company’s stock.

Hedge Funds Weigh In On SolarEdge Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of SEDG. Accent Capital Management LLC purchased a new position in shares of SolarEdge Technologies in the 3rd quarter worth about $25,000. Hantz Financial Services Inc. boosted its holdings in shares of SolarEdge Technologies by 352.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 571 shares in the last quarter. State of Wyoming purchased a new position in shares of SolarEdge Technologies in the 4th quarter worth about $27,000. Saranac Partners Ltd purchased a new position in shares of SolarEdge Technologies in the 3rd quarter worth about $28,000. Finally, Rakuten Securities Inc. boosted its holdings in shares of SolarEdge Technologies by 82.1% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 432 shares in the last quarter. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

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.