SolarEdge Technologies, Inc. (NASDAQ:SEDG – Get Free Report) shares traded up 8.3% on Thursday . The stock traded as high as $45.30 and last traded at $46.3290. 869,512 shares were traded during trading, a decline of 75% from the average session volume of 3,456,890 shares. The stock had previously closed at $42.77.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. Susquehanna boosted their price objective on shares of SolarEdge Technologies from $37.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. The Goldman Sachs Group reissued a “sell” rating and set a $31.00 price objective (down from $36.00) on shares of SolarEdge Technologies in a report on Wednesday, April 15th. Barclays boosted their price objective on shares of SolarEdge Technologies from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Citigroup decreased their price objective on shares of SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating for the company in a report on Thursday, May 7th. Finally, Royal Bank Of Canada decreased their price objective on shares of SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating for the company in a report on Thursday, May 7th. One analyst has rated the stock with a Buy rating, sixteen have given a Hold rating and seven have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $30.40.
Get Our Latest Stock Analysis on SEDG
SolarEdge Technologies Price Performance
SolarEdge Technologies (NASDAQ:SEDG – Get Free Report) last announced its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.20). The business had revenue of $309.90 million for the quarter, compared to the consensus estimate of $305.49 million. SolarEdge Technologies had a negative net margin of 28.56% and a negative return on equity of 38.66%. The business’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.14) earnings per share. On average, equities analysts predict that SolarEdge Technologies, Inc. will post -0.71 earnings per share for the current year.
Insider Transactions at SolarEdge Technologies
In related news, Chairman More Avery sold 2,566 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $38.76, for a total transaction of $99,458.16. Following the completion of the sale, the chairman directly owned 295,379 shares in the company, valued at approximately $11,448,890.04. The trade was a 0.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.71% of the company’s stock.
Institutional Trading of SolarEdge Technologies
Large investors have recently added to or reduced their stakes in the business. Accent Capital Management LLC bought a new stake in SolarEdge Technologies during the third quarter valued at approximately $25,000. Hantz Financial Services Inc. grew its position in SolarEdge Technologies by 352.5% during the third quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 571 shares during the period. Whittier Trust Co. bought a new stake in SolarEdge Technologies during the third quarter valued at approximately $27,000. Saranac Partners Ltd bought a new stake in SolarEdge Technologies during the third quarter valued at approximately $28,000. Finally, State of Wyoming bought a new stake in SolarEdge Technologies during the fourth quarter valued at approximately $27,000. 95.10% of the stock is currently owned by institutional investors.
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.
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