Bayforest Capital Ltd Sells 20,197 Shares of SolarEdge Technologies, Inc. $SEDG

Bayforest Capital Ltd cut its position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 49.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,500 shares of the semiconductor company’s stock after selling 20,197 shares during the quarter. SolarEdge Technologies accounts for about 0.4% of Bayforest Capital Ltd’s portfolio, making the stock its 14th biggest holding. Bayforest Capital Ltd’s holdings in SolarEdge Technologies were worth $591,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Public Sector Pension Investment Board grew its holdings in shares of SolarEdge Technologies by 15.0% during the third quarter. Public Sector Pension Investment Board now owns 231,604 shares of the semiconductor company’s stock worth $8,569,000 after buying an additional 30,264 shares in the last quarter. Convergence Investment Partners LLC bought a new position in shares of SolarEdge Technologies during the third quarter worth about $3,033,000. SG Americas Securities LLC grew its holdings in shares of SolarEdge Technologies by 59.7% during the third quarter. SG Americas Securities LLC now owns 103,033 shares of the semiconductor company’s stock worth $3,812,000 after buying an additional 38,511 shares in the last quarter. Aquatic Capital Management LLC grew its holdings in shares of SolarEdge Technologies by 1,282.8% during the third quarter. Aquatic Capital Management LLC now owns 125,473 shares of the semiconductor company’s stock worth $4,643,000 after buying an additional 116,399 shares in the last quarter. Finally, PGGM Investments bought a new position in shares of SolarEdge Technologies during the third quarter worth about $24,438,000. 95.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on SolarEdge Technologies from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Royal Bank Of Canada decreased their price objective on SolarEdge Technologies from $34.00 to $32.00 and set a “sector perform” rating for the company in a report on Thursday, February 19th. Raymond James Financial initiated coverage on SolarEdge Technologies in a report on Tuesday, January 13th. They set a “market perform” rating for the company. Barclays increased their price target on SolarEdge Technologies from $39.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. 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. One research analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat, SolarEdge Technologies has an average rating of “Reduce” and an average price target of $29.86.

SolarEdge Technologies Price Performance

NASDAQ:SEDG opened at $38.30 on Friday. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of -5.57 and a beta of 1.35. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.82. SolarEdge Technologies, Inc. has a 12-month low of $11.45 and a 12-month high of $53.75. The stock’s 50 day moving average price is $41.32 and its two-hundred day moving average price is $36.76.

SolarEdge Technologies (NASDAQ:SEDG) last announced its earnings results on Thursday, February 26th. The semiconductor company reported ($0.14) earnings per share for the quarter. The firm had revenue of $333.80 million for the quarter. SolarEdge Technologies had a negative return on equity of 45.54% and a negative net margin of 34.23%. On average, analysts anticipate that SolarEdge Technologies, Inc. will post -4.54 earnings per share for the current year.

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.