Clal Insurance Enterprises Holdings Ltd purchased a new stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 949,926 shares of the semiconductor company's stock, valued at approximately $55,514,000. Clal Insurance Enterprises Holdings Ltd owned approximately 1.54% of SolarEdge Technologies at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of SEDG. State of Wyoming acquired a new position in shares of SolarEdge Technologies during the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. lifted its position 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 acquiring an additional 432 shares in the last quarter. Allworth Financial LP acquired a new stake in shares of SolarEdge Technologies in the second quarter worth approximately $31,000. Kestra Advisory Services LLC acquired a new stake in shares of SolarEdge Technologies in the fourth quarter worth approximately $31,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of SolarEdge Technologies during the second quarter worth approximately $35,000. 95.10% of the stock is currently owned by institutional investors and hedge funds.
SolarEdge Technologies Stock Performance
Shares of SolarEdge Technologies stock opened at $30.83 on Monday. The business's 50 day moving average price is $46.30 and its 200 day moving average price is $46.60. The company has a market cap of $1.90 billion, a price-to-earnings ratio of -6.85 and a beta of 1.49. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.38 and a current ratio of 2.03. SolarEdge Technologies, Inc. has a one year low of $28.21 and a one year high of $81.25.
SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last issued its earnings results on Wednesday, August 5th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.07. SolarEdge Technologies had a negative return on equity of 29.17% and a negative net margin of 20.29%.The company had revenue of $346.20 million during the quarter, compared to analysts' expectations of $341.15 million. During the same period in the prior year, the business earned ($0.81) EPS. The firm's quarterly revenue was up 19.6% on a year-over-year basis. On average, research analysts predict that SolarEdge Technologies, Inc. will post -1.23 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the company. UBS Group raised their price objective on SolarEdge Technologies from $36.00 to $41.00 and gave the company a "neutral" rating in a report on Thursday, May 7th. Citigroup dropped their target price on shares of SolarEdge Technologies from $30.00 to $27.00 and set a "sell" rating for the company in a report on Thursday, May 7th. Susquehanna reduced their target price on shares of SolarEdge Technologies from $56.00 to $38.00 and set a "neutral" rating for the company in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of SolarEdge Technologies from $42.00 to $39.00 and set a "hold" rating on the stock in a research note on Thursday, May 7th. Finally, Glj Research restated a "sell" rating on shares of SolarEdge Technologies in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and six have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $36.20.
Check Out Our Latest Stock Report on SolarEdge Technologies
About SolarEdge Technologies
(
Free Report)
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.
Further Reading
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