Key Points
- SolarEdge Chairman More Avery sold 2,566 shares on May 7 at an average price of $38.76, for proceeds of about $99,458. After the sale, he still owned 295,379 shares, and the transaction reduced his stake by just 0.86%.
- SolarEdge reported mixed quarterly results, posting an EPS loss of $0.43 versus expectations of a $0.23 loss, while revenue came in slightly above estimates at $309.9 million. Revenue also rose 41.5% year over year, but the company remains unprofitable.
- Analyst sentiment remains cautious, with a consensus rating of “Reduce” and an average price target of $30.40. Several firms recently trimmed or adjusted targets, even as some raised ratings to neutral or buy.
SolarEdge Technologies, Inc. (NASDAQ:SEDG - Get Free Report) Chairman More Avery sold 2,566 shares of the firm's stock in a transaction on 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 owned 295,379 shares in the company, valued at $11,448,890.04. This represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
SolarEdge Technologies Stock Up 1.2%
Shares of SolarEdge Technologies stock opened at $41.79 on Tuesday. The business has a fifty day simple moving average of $42.79 and a 200 day simple moving average of $37.25. The stock has a market cap of $2.54 billion, a PE ratio of -6.82 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. SolarEdge Technologies, Inc. has a 12 month low of $13.73 and a 12 month high of $53.75.
SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) 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 company had revenue of $309.90 million for 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 quarterly revenue was up 41.5% on a year-over-year basis. During the same quarter last year, the business posted ($1.14) EPS. Research analysts predict that SolarEdge Technologies, Inc. will post -0.94 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG raised its holdings in shares of 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 acquiring an additional 655,925 shares during the period. Vanguard Group Inc. lifted its position in SolarEdge Technologies by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 3,368,073 shares of the semiconductor company's stock valued at $97,169,000 after acquiring an additional 175,582 shares in the last quarter. Invesco Ltd. boosted its stake in SolarEdge Technologies by 28.6% in the 4th quarter. Invesco Ltd. now owns 2,169,822 shares of the semiconductor company's stock worth $62,599,000 after purchasing an additional 483,052 shares during the period. Menora Mivtachim Holdings LTD. increased its holdings in SolarEdge Technologies by 41.1% during the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 2,103,521 shares of the semiconductor company's stock worth $77,830,000 after purchasing an additional 612,884 shares in the last quarter. Finally, Electron Capital Partners LLC increased its holdings in SolarEdge Technologies by 107.8% during the 3rd quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company's stock worth $64,105,000 after purchasing an additional 898,802 shares in the last quarter. Institutional investors and hedge funds own 95.10% of the company's stock.
Analyst Upgrades and Downgrades
SEDG has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of SolarEdge Technologies from $42.00 to $39.00 and set a "hold" rating for the company in a report on Thursday, May 7th. Barclays lifted their price target on shares of SolarEdge Technologies from $39.00 to $41.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 8th. Bank of America raised shares of SolarEdge Technologies from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $17.00 to $40.00 in a report on Tuesday, March 10th. TD Cowen raised their price objective on SolarEdge Technologies from $38.00 to $43.00 and gave the stock a "buy" rating in a research note on Thursday, February 19th. Finally, UBS Group lifted their target price on SolarEdge Technologies from $36.00 to $41.00 and gave the stock a "neutral" rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, sixteen have given a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $30.40.
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About SolarEdge Technologies
(
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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.
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