New York State Common Retirement Fund Has $2.84 Million Position in SolarEdge Technologies, Inc. $SEDG

New York State Common Retirement Fund grew its stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 87.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,773 shares of the semiconductor company’s stock after acquiring an additional 35,719 shares during the period. New York State Common Retirement Fund owned 0.13% of SolarEdge Technologies worth $2,841,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SEDG. Whittier Trust Co. acquired a new position in SolarEdge Technologies in the 3rd quarter worth about $27,000. Canada Pension Plan Investment Board acquired a new stake in SolarEdge Technologies in the second quarter valued at approximately $35,000. Tower Research Capital LLC TRC grew its position 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 acquiring an additional 553 shares in the last quarter. Spire Wealth Management raised its holdings in shares of 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 lifted its stake in shares of SolarEdge Technologies by 276.5% in 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 during the last quarter. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SEDG. JPMorgan Chase & Co. raised their target price on shares of SolarEdge Technologies from $27.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Susquehanna raised their target price on SolarEdge Technologies from $25.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, October 13th. The Goldman Sachs Group dropped their price target on SolarEdge Technologies from $36.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, December 18th. UBS Group raised their price objective on shares of SolarEdge Technologies from $30.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, November 14th. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of SolarEdge Technologies in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, sixteen have issued a Hold rating and eight have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $25.45.

SolarEdge Technologies Price Performance

SEDG opened at $35.92 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. The stock has a market capitalization of $2.15 billion, a P/E ratio of -3.71 and a beta of 1.66. The company’s 50 day simple moving average is $31.80 and its 200-day simple moving average is $33.13. SolarEdge Technologies, Inc. has a one year low of $11.00 and a one year high of $48.60.

SolarEdge Technologies Company 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.