Handelsbanken Fonder AB Grows Position in SolarEdge Technologies, Inc. $SEDG

Handelsbanken Fonder AB grew its position in SolarEdge Technologies, Inc. (NASDAQ:SEDGFree Report) by 16.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,230,401 shares of the semiconductor company’s stock after acquiring an additional 175,281 shares during the quarter. Handelsbanken Fonder AB’s holdings in SolarEdge Technologies were worth $71,905,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. State of Wyoming acquired a new stake in SolarEdge Technologies during the 4th quarter worth approximately $27,000. Rakuten Securities Inc. lifted its position in SolarEdge Technologies by 82.1% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 432 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in SolarEdge Technologies during the fourth quarter valued at approximately $31,000. Canada Pension Plan Investment Board purchased a new stake in SolarEdge Technologies during the second quarter worth approximately $35,000. Finally, Altshuler Shaham Ltd purchased a new stake in SolarEdge Technologies during the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Stock Performance

Shares of SEDG stock opened at $32.21 on Tuesday. SolarEdge Technologies, Inc. has a 12 month low of $24.01 and a 12 month high of $81.25. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.03 and a quick ratio of 1.38. The firm has a market capitalization of $1.98 billion, a P/E ratio of -7.16 and a beta of 1.49. The company’s fifty day moving average price is $52.29 and its two-hundred day moving average price is $46.73.

Analysts Set New Price Targets

SEDG has been the topic of a number of research reports. Citigroup cut their target price on shares of SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating on the stock in a research note on Thursday, May 7th. Barclays decreased their price target on shares of SolarEdge Technologies from $53.00 to $37.00 and set an “equal weight” rating for the company in a research report on Thursday, August 6th. Weiss Ratings downgraded SolarEdge Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday. The Goldman Sachs Group cut their price objective on SolarEdge Technologies from $34.00 to $30.00 and set a “sell” rating on the stock in a research report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating on the stock in a research note on Thursday, May 7th. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $36.20.

Check Out Our Latest Stock Report on SolarEdge Technologies

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.

Featured Stories

Want to see what other hedge funds are holding SEDG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SolarEdge Technologies, Inc. (NASDAQ:SEDGFree Report).

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

Receive News & Ratings for SolarEdge Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SolarEdge Technologies and related companies with MarketBeat.com's FREE daily email newsletter.