SolarEdge Technologies (NASDAQ:SEDG) Stock Price Down 4.5% on Analyst Downgrade

SolarEdge Technologies, Inc. (NASDAQ:SEDGGet Free Report) dropped 4.5% on Monday after TD Cowen lowered their price target on the stock from $85.00 to $75.00. TD Cowen currently has a buy rating on the stock. SolarEdge Technologies traded as low as $49.68 and last traded at $51.0830. Approximately 292,892 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 3,464,876 shares. The stock had previously closed at $53.47.

Several other equities research analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their target price on SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating on the stock in a report on Thursday, May 7th. Barclays increased their price objective on shares of SolarEdge Technologies from $41.00 to $53.00 and gave the company an “equal weight” rating in a research report on Friday, July 10th. Weiss Ratings raised shares of SolarEdge Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 24th. Royal Bank Of Canada decreased their target price on shares of SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating for the company in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of SolarEdge Technologies from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $38.06.

Get Our Latest Report on SolarEdge Technologies

Insider Buying and Selling

In related news, Chairman More Avery sold 2,566 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $11,448,890.04. This represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.04% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Handelsbanken Fonder AB boosted its holdings in SolarEdge Technologies by 16.6% in the second quarter. Handelsbanken Fonder AB now owns 1,230,401 shares of the semiconductor company’s stock worth $71,905,000 after purchasing an additional 175,281 shares during the period. Glenmede Trust Co. NA acquired a new stake in shares of SolarEdge Technologies in the 1st quarter worth approximately $202,000. Bank of America Corp DE lifted its position in SolarEdge Technologies by 218.6% in the first quarter. Bank of America Corp DE now owns 404,297 shares of the semiconductor company’s stock worth $20,639,000 after purchasing an additional 277,385 shares during the period. California State Teachers Retirement System boosted its stake in SolarEdge Technologies by 25.6% during the first quarter. California State Teachers Retirement System now owns 66,589 shares of the semiconductor company’s stock valued at $3,399,000 after buying an additional 13,554 shares in the last quarter. Finally, SummitTX Capital L.P. bought a new position in shares of SolarEdge Technologies during the 1st quarter valued at about $272,000. Institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Stock Down 6.3%

The company has a debt-to-equity ratio of 0.85, a current ratio of 2.02 and a quick ratio of 1.36. The stock has a market capitalization of $3.05 billion, a P/E ratio of -8.18 and a beta of 1.45. The stock’s fifty day moving average is $58.20 and its two-hundred day moving average is $45.66.

SolarEdge Technologies (NASDAQ:SEDGGet 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 analysts’ consensus estimates of ($0.23) by ($0.20). The company had revenue of $309.90 million for the quarter, compared to analyst estimates of $305.49 million. SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.The firm’s revenue for the quarter was up 41.5% on a year-over-year basis. During the same period last year, the firm earned ($1.14) earnings per share. As a group, research analysts predict that SolarEdge Technologies, Inc. will post -1.1 earnings per share for the current fiscal year.

About SolarEdge Technologies

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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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