Electron Capital Partners LLC cut its stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG – Free Report) by 6.3% in the 4th quarter, HoldingsChannel reports. The firm owned 1,623,822 shares of the semiconductor company’s stock after selling 108,744 shares during the period. SolarEdge Technologies makes up 2.2% of Electron Capital Partners LLC’s portfolio, making the stock its 17th biggest position. Electron Capital Partners LLC’s holdings in SolarEdge Technologies were worth $46,847,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund lifted its holdings in shares of SolarEdge Technologies by 2.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,677 shares of the semiconductor company’s stock worth $395,000 after acquiring an additional 300 shares during the last quarter. Rakuten Securities Inc. increased its position in shares of SolarEdge Technologies by 82.1% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 432 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of SolarEdge Technologies by 1.2% during the 2nd quarter. Tidal Investments LLC now owns 42,411 shares of the semiconductor company’s stock valued at $865,000 after buying an additional 484 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in SolarEdge Technologies by 7.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,269 shares of the semiconductor company’s stock worth $269,000 after buying an additional 530 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in SolarEdge Technologies by 28.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the semiconductor company’s stock worth $51,000 after buying an additional 553 shares in the last quarter. Institutional investors own 95.10% of the company’s stock.
SolarEdge Technologies Price Performance
Shares of SEDG stock opened at $54.68 on Thursday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.36 and a current ratio of 2.02. SolarEdge Technologies, Inc. has a fifty-two week low of $15.75 and a fifty-two week high of $81.25. The firm has a market cap of $3.33 billion, a P/E ratio of -8.92 and a beta of 1.42. The business’s 50 day moving average price is $52.90 and its 200-day moving average price is $42.01.
Wall Street Analyst Weigh In
SEDG has been the subject of a number of research reports. Morgan Stanley upped their price objective on shares of SolarEdge Technologies from $33.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday, February 19th. Jefferies Financial Group upgraded SolarEdge Technologies from an “underperform” rating to a “hold” rating and raised their price target for the stock from $30.00 to $49.00 in a research report on Friday, March 20th. Bank of America raised SolarEdge Technologies from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $17.00 to $40.00 in a research note on Tuesday, March 10th. Weiss Ratings lowered shares of SolarEdge Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, May 21st. Finally, 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 report on Wednesday, April 15th. One analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat.com, SolarEdge Technologies has an average rating of “Reduce” and an average target price of $35.67.
View Our Latest Analysis on SEDG
Insider Activity at SolarEdge Technologies
In other news, Chairman More Avery sold 2,566 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $38.76, for a total value of $99,458.16. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.04% of the stock is currently owned by insiders.
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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