SolarEdge Technologies (NASDAQ:SEDG) Stock Price Up 21.4% on Better-Than-Expected Earnings

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s stock price traded up 21.4% during mid-day trading on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $37.06 and last traded at $38.6150. 2,744,039 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 4,607,489 shares. The stock had previously closed at $31.82.

The semiconductor company reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.12. SolarEdge Technologies had a negative return on equity of 191.53% and a negative net margin of 177.64%.The business had revenue of $339.70 million for the quarter, compared to analyst estimates of $331.13 million. During the same quarter in the prior year, the firm posted ($15.33) EPS. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. SolarEdge Technologies has set its Q4 2025 guidance at EPS.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SEDG. BNP Paribas Exane lowered shares of SolarEdge Technologies from a “neutral” rating to an “underperform” rating and set a $17.00 price target on the stock. in a research report on Wednesday, July 16th. UBS Group increased their price objective on SolarEdge Technologies from $20.00 to $30.00 and gave the company a “neutral” rating in a research report on Tuesday, August 19th. Barclays boosted their target price on shares of SolarEdge Technologies from $29.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 9th. TD Cowen increased their price target on shares of SolarEdge Technologies from $26.00 to $34.00 and gave the company a “hold” rating in a report on Thursday. Finally, Morgan Stanley raised their price target on shares of SolarEdge Technologies from $25.00 to $27.00 and gave the stock an “underweight” rating in a research report on Thursday. Eighteen equities research analysts have rated the stock with a Hold rating and ten have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $24.20.

Institutional Trading of SolarEdge Technologies

Several institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its stake in shares of SolarEdge Technologies by 5.1% in the third quarter. GAMMA Investing LLC now owns 6,207 shares of the semiconductor company’s stock valued at $230,000 after buying an additional 302 shares in the last quarter. Resona Asset Management Co. Ltd. raised its stake in shares of SolarEdge Technologies by 6.7% in the second quarter. Resona Asset Management Co. Ltd. now owns 6,472 shares of the semiconductor company’s stock worth $128,000 after acquiring an additional 404 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 in the last quarter. Maryland State Retirement & Pension System raised its position in SolarEdge Technologies by 2.9% in the 2nd quarter. Maryland State Retirement & Pension System now owns 17,352 shares of the semiconductor company’s stock worth $354,000 after purchasing an additional 486 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in SolarEdge Technologies by 21.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,868 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 508 shares during the last quarter. 95.10% of the stock is currently owned by institutional investors and hedge funds.

SolarEdge Technologies Stock Performance

The stock has a market cap of $2.38 billion, a price-to-earnings ratio of -1.34 and a beta of 1.63. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.72. The firm has a fifty day simple moving average of $35.98 and a 200-day simple moving average of $27.00.

About SolarEdge Technologies

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.