PGGM Investments Invests $24.44 Million in SolarEdge Technologies, Inc. $SEDG

PGGM Investments bought a new stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 660,481 shares of the semiconductor company’s stock, valued at approximately $24,438,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SEDG. Canada Pension Plan Investment Board purchased a new position in SolarEdge Technologies in the 2nd quarter worth approximately $35,000. Tower Research Capital LLC TRC lifted its position in shares of SolarEdge Technologies by 28.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 553 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of SolarEdge Technologies by 21.5% in the second quarter. Public Employees Retirement System of Ohio now owns 2,868 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 508 shares during the period. Spire Wealth Management grew its holdings in SolarEdge Technologies by 706.3% during the 2nd quarter. Spire Wealth Management now owns 3,185 shares of the semiconductor company’s stock valued at $65,000 after purchasing an additional 2,790 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in SolarEdge Technologies by 276.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,100 shares of the semiconductor company’s stock valued at $84,000 after purchasing an additional 3,011 shares in the last quarter. 95.10% of the stock is owned by institutional investors and hedge funds.

SolarEdge Technologies Stock Performance

SolarEdge Technologies stock opened at $33.84 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.28 and a quick ratio of 1.60. SolarEdge Technologies, Inc. has a 12 month low of $11.00 and a 12 month high of $48.60. The company has a fifty day moving average price of $32.86 and a two-hundred day moving average price of $32.25. The company has a market cap of $2.02 billion, a PE ratio of -3.50 and a beta of 1.66.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. The Goldman Sachs Group cut their price objective on shares of SolarEdge Technologies from $36.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, December 18th. Royal Bank Of Canada lifted their price objective on SolarEdge Technologies from $25.00 to $34.00 and gave the stock a “sector perform” rating in a report on Thursday, November 6th. JPMorgan Chase & Co. increased their target price on SolarEdge Technologies from $27.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Citigroup decreased their price target on shares of SolarEdge Technologies from $30.00 to $29.00 and set a “sell” rating for the company in a research report on Thursday, December 18th. Finally, Raymond James Financial assumed coverage on shares of SolarEdge Technologies in a report on Tuesday. They issued a “market perform” rating on the stock. One analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and nine have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $25.21.

SolarEdge Technologies Profile

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.