Janney Montgomery Scott LLC Takes $6.01 Million Position in SolarEdge Technologies, Inc. $SEDG

Janney Montgomery Scott LLC acquired a new stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDGFree Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 117,822 shares of the semiconductor company’s stock, valued at approximately $6,015,000.

A number of other large investors have also made changes to their positions in the stock. Louisiana State Employees Retirement System purchased a new stake in SolarEdge Technologies during the 1st quarter worth about $1,353,000. SG Americas Securities LLC boosted its stake in shares of SolarEdge Technologies by 5.4% during the 1st quarter. SG Americas Securities LLC now owns 289,907 shares of the semiconductor company’s stock worth $14,800,000 after purchasing an additional 14,775 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of SolarEdge Technologies during the 1st quarter worth about $17,009,000. Hsbc Holdings PLC grew its holdings in shares of SolarEdge Technologies by 40.7% during the fourth quarter. Hsbc Holdings PLC now owns 20,169 shares of the semiconductor company’s stock worth $586,000 after buying an additional 5,839 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of SolarEdge Technologies during the fourth quarter worth about $140,000. Institutional investors and hedge funds own 95.10% of the company’s stock.

Insider Buying and Selling at SolarEdge Technologies

In other SolarEdge Technologies news, Chairman More Avery sold 2,566 shares of SolarEdge Technologies stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $38.76, for a total value of $99,458.16. Following the transaction, the chairman owned 295,379 shares in the company, valued at $11,448,890.04. This trade represents a 0.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.04% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on SEDG. TD Cowen boosted their price objective on shares of SolarEdge Technologies from $43.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Glj Research reaffirmed a “sell” rating on shares of SolarEdge Technologies in a research note on Thursday, June 11th. Citigroup cut their price target on SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating for the company in a report on Thursday, May 7th. The Goldman Sachs Group reissued a “sell” rating and set a $31.00 price target (down from $36.00) on shares of SolarEdge Technologies in a research note on Wednesday, April 15th. Finally, UBS Group raised their price objective 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, fifteen have assigned a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $35.67.

Get Our Latest Analysis on SEDG

SolarEdge Technologies Stock Performance

Shares of SEDG stock opened at $52.38 on Friday. The firm’s 50-day simple moving average is $56.08 and its 200-day simple moving average is $43.85. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.02 and a quick ratio of 1.36. SolarEdge Technologies, Inc. has a 1-year low of $23.01 and a 1-year high of $81.25. The firm has a market cap of $3.19 billion, a P/E ratio of -8.54 and a beta of 1.45.

SolarEdge Technologies (NASDAQ:SEDGGet Free Report) last released 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). SolarEdge Technologies had a negative net margin of 28.56% and a negative return on equity of 38.66%. The company had revenue of $309.90 million during the quarter, compared to analysts’ expectations of $305.49 million. During the same quarter in the previous year, the firm posted ($1.14) earnings per share. SolarEdge Technologies’s revenue for the quarter was up 41.5% compared to the same quarter last year. As a group, equities analysts forecast that SolarEdge Technologies, Inc. will post -1.12 EPS for the current year.

SolarEdge Technologies Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for SolarEdge Technologies (NASDAQ:SEDG)

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