Assenagon Asset Management S.A. Has $32.27 Million Position in SolarEdge Technologies, Inc. $SEDG

Assenagon Asset Management S.A. lessened its holdings in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 22.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,118,437 shares of the semiconductor company’s stock after selling 330,206 shares during the quarter. Assenagon Asset Management S.A. owned approximately 1.87% of SolarEdge Technologies worth $32,267,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SEDG. Accent Capital Management LLC bought a new stake in SolarEdge Technologies in the third quarter worth approximately $25,000. Whittier Trust Co. bought a new position in SolarEdge Technologies during the third quarter valued at about $27,000. Hantz Financial Services Inc. lifted its position in shares of SolarEdge Technologies by 352.5% in the third quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock worth $27,000 after buying an additional 571 shares during the last quarter. Saranac Partners Ltd acquired a new stake in shares of SolarEdge Technologies in the third quarter worth about $28,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of SolarEdge Technologies during the 2nd quarter worth about $35,000. 95.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on SolarEdge Technologies from $35.00 to $33.00 and set a “hold” rating on the stock in a report on Friday, February 20th. Wells Fargo & Company upped their target price 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. Bank of America upgraded SolarEdge Technologies from an “underperform” rating to a “neutral” rating and increased their price target for the company from $17.00 to $40.00 in a report on Tuesday, March 10th. Barclays lifted their price target on shares of SolarEdge Technologies from $36.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Finally, Raymond James Financial started coverage on shares of SolarEdge Technologies in a research note on Tuesday, January 13th. They issued a “market perform” rating for the company. 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 company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $29.09.

SolarEdge Technologies Price Performance

NASDAQ SEDG opened at $51.28 on Thursday. The stock has a 50-day simple moving average of $37.43 and a 200 day simple moving average of $35.47. SolarEdge Technologies, Inc. has a twelve month low of $11.00 and a twelve month high of $53.28. The stock has a market capitalization of $3.10 billion, a PE ratio of -7.45 and a beta of 1.62. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.48 and a current ratio of 2.17.

SolarEdge Technologies (NASDAQ:SEDG) last released its earnings results on Wednesday, February 18th. The semiconductor company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.05. The firm had revenue of $333.80 million for the quarter, compared to analyst estimates of $330.33 million. SolarEdge Technologies had a negative return on equity of 45.54% and a negative net margin of 34.23%.The company’s revenue was up 70.9% on a year-over-year basis. During the same quarter last year, the firm posted ($3.52) EPS. Research analysts anticipate that SolarEdge Technologies, Inc. will post -4.54 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.