Investors Purchase Large Volume of SolarEdge Technologies Put Options (NASDAQ:SEDG)

SolarEdge Technologies, Inc. (NASDAQ:SEDG) was the recipient of some unusual options trading activity on Monday. Stock investors bought 21,325 put options on the stock. This is an increase of 119% compared to the average daily volume of 9,727 put options.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. 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. JPMorgan Chase & Co. upped their price objective on shares of SolarEdge Technologies from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Raymond James Financial assumed coverage on shares of SolarEdge Technologies in a research note on Tuesday, January 13th. They set a “market perform” rating for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SolarEdge Technologies in a research note on Monday, December 29th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and set a $31.00 price objective (down from $36.00) on shares of SolarEdge Technologies in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and seven have assigned a Sell rating to the stock. According to data from MarketBeat.com, SolarEdge Technologies currently has a consensus rating of “Reduce” and a consensus target price of $29.86.

Hedge Funds Weigh In On SolarEdge Technologies

A number of institutional investors have recently bought and sold shares of SEDG. Goldman Sachs Group Inc. raised its stake in SolarEdge Technologies by 8.7% in the first quarter. Goldman Sachs Group Inc. now owns 997,962 shares of the semiconductor company’s stock worth $16,147,000 after buying an additional 79,461 shares in the last quarter. First Trust Advisors LP increased its stake in shares of SolarEdge Technologies by 2.8% during the second quarter. First Trust Advisors LP now owns 560,585 shares of the semiconductor company’s stock valued at $11,436,000 after purchasing an additional 15,333 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of SolarEdge Technologies by 4.6% during the second quarter. The Manufacturers Life Insurance Company now owns 16,023 shares of the semiconductor company’s stock valued at $327,000 after purchasing an additional 700 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of SolarEdge Technologies during the second quarter valued at approximately $206,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of SolarEdge Technologies during the second quarter valued at approximately $35,000. 95.10% of the stock is owned by institutional investors.

SolarEdge Technologies Price Performance

SEDG stock opened at $39.82 on Tuesday. SolarEdge Technologies has a 1 year low of $11.45 and a 1 year high of $53.75. The company has a market cap of $2.42 billion, a P/E ratio of -5.79 and a beta of 1.35. The firm has a 50-day moving average of $41.38 and a 200 day moving average of $36.76. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.17 and a quick ratio of 1.48.

SolarEdge Technologies (NASDAQ:SEDG) last released its quarterly earnings results on Thursday, February 26th. The semiconductor company reported ($0.14) earnings per share (EPS) for the quarter. SolarEdge Technologies had a negative return on equity of 45.54% and a negative net margin of 34.23%.The company had revenue of $333.80 million during the quarter. On average, sell-side analysts forecast that SolarEdge Technologies will post -0.9 EPS 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.