SolarEdge Technologies (NASDAQ:SEDG) Stock Price Down 4.5% Following Analyst Downgrade

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s stock price fell 4.5% during trading on Monday after TD Cowen lowered their price target on the stock from $85.00 to $75.00. TD Cowen currently has a buy rating on the stock. SolarEdge Technologies traded as low as $49.68 and last traded at $51.0830. Approximately 292,892 shares were traded during mid-day trading, a decline of 92% from the average session volume of 3,464,876 shares. The stock had previously closed at $53.47.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. boosted their price objective on SolarEdge Technologies from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Citigroup lowered their target price on SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating on the stock in a research report on Thursday, May 7th. Glj Research reaffirmed a “sell” rating on shares of SolarEdge Technologies in a research note on Thursday, June 11th. Weiss Ratings upgraded SolarEdge Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 24th. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $31.00 price target (down from $36.00) on shares of SolarEdge Technologies in a research note on Wednesday, April 15th. One analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $38.06.

Insider Buying and Selling at SolarEdge Technologies

In other news, Chairman More Avery sold 2,566 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $38.76, for a total value of $99,458.16. Following the completion of the transaction, the chairman directly owned 295,379 shares in the company, valued at $11,448,890.04. This trade represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.04% of the company’s stock.

Institutional Investors Weigh In On SolarEdge Technologies

A number of institutional investors have recently added to or reduced their stakes in SEDG. State of Wyoming acquired a new position in shares of SolarEdge Technologies during the 4th quarter valued at $27,000. Rakuten Securities Inc. lifted its holdings in shares of SolarEdge Technologies by 82.1% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 432 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of SolarEdge Technologies in the fourth quarter valued at $31,000. Canada Pension Plan Investment Board bought a new position in SolarEdge Technologies during the second quarter valued at about $35,000. Finally, Altshuler Shaham Ltd bought a new position in SolarEdge Technologies during the fourth quarter valued at about $36,000. 95.10% of the stock is currently owned by institutional investors and hedge funds.

SolarEdge Technologies Trading Down 9.1%

The business has a fifty day moving average of $58.33 and a 200-day moving average of $45.80. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of -7.93 and a beta of 1.45. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.02 and a quick ratio of 1.36.

SolarEdge Technologies (NASDAQ:SEDG) last issued its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.20). SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.The business had revenue of $309.90 million during the quarter, compared to the consensus estimate of $305.49 million. During the same quarter last year, the firm posted ($1.14) earnings per share. SolarEdge Technologies’s revenue was up 41.5% compared to the same quarter last year. On average, equities analysts anticipate that SolarEdge Technologies, Inc. will post -1.1 earnings per share for the current fiscal 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.