Traders Buy High Volume of SolarEdge Technologies Put Options (NASDAQ:SEDG)

SolarEdge Technologies, Inc. (NASDAQ:SEDG) saw some unusual options trading activity on Wednesday. Traders bought 20,931 put options on the company. This is an increase of approximately 108% compared to the typical volume of 10,043 put options.

Analyst Ratings Changes

SEDG has been the topic of several analyst reports. Jefferies Financial Group raised shares of SolarEdge Technologies from an “underperform” rating to a “hold” rating and lifted their price target for the stock from $30.00 to $49.00 in a report on Friday, March 20th. UBS Group decreased their price objective on SolarEdge Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, March 2nd. Wells Fargo & Company raised their price objective on SolarEdge Technologies from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Royal Bank Of Canada dropped their target price on SolarEdge Technologies from $34.00 to $32.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 19th. Finally, Raymond James Financial assumed coverage on SolarEdge Technologies in a research report on Tuesday, January 13th. They set a “market perform” rating on the stock. One analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $29.09.

SolarEdge Technologies Trading Up 7.6%

Shares of SolarEdge Technologies stock opened at $51.28 on Thursday. The firm’s 50 day simple moving average is $37.43 and its two-hundred day simple moving average is $35.47. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of -7.45 and a beta of 1.62. SolarEdge Technologies has a 12-month low of $11.00 and a 12-month high of $53.28. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.82.

SolarEdge Technologies (NASDAQ:SEDG) last posted its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.05. SolarEdge Technologies had a negative net margin of 34.23% and a negative return on equity of 45.54%. The business had revenue of $333.80 million during the quarter, compared to the consensus estimate of $330.33 million. During the same period in the previous year, the firm posted ($3.52) earnings per share. The business’s revenue for the quarter was up 70.9% compared to the same quarter last year. Analysts predict that SolarEdge Technologies will post -4.54 EPS for the current year.

Institutional Trading of SolarEdge Technologies

Several large investors have recently added to or reduced their stakes in the company. UBS Group AG raised its stake in shares of SolarEdge Technologies by 18.5% in the fourth quarter. UBS Group AG now owns 4,210,429 shares of the semiconductor company’s stock worth $121,471,000 after purchasing an additional 655,925 shares during the last quarter. Vanguard Group Inc. boosted its position in SolarEdge Technologies by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 3,368,073 shares of the semiconductor company’s stock valued at $97,169,000 after buying an additional 175,582 shares during the last quarter. Invesco Ltd. boosted its position in SolarEdge Technologies by 28.6% in the fourth quarter. Invesco Ltd. now owns 2,169,822 shares of the semiconductor company’s stock valued at $62,599,000 after buying an additional 483,052 shares during the last quarter. Menora Mivtachim Holdings LTD. increased its holdings in SolarEdge Technologies by 41.1% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 2,103,521 shares of the semiconductor company’s stock worth $77,830,000 after buying an additional 612,884 shares during the period. Finally, Electron Capital Partners LLC increased its holdings in SolarEdge Technologies by 107.8% in the 3rd quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company’s stock worth $64,105,000 after buying an additional 898,802 shares during the period. Hedge funds and other institutional investors own 95.10% of the company’s stock.

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.