Algert Global LLC Makes New $849,000 Investment in SolarEdge Technologies, Inc. $SEDG

Key Points

• Algert Global LLC has invested approximately $849,000 in SolarEdge Technologies by purchasing 52,470 shares, marking a notable addition to their portfolio in the first quarter.
• SolarEdge's stock has seen a significant increase, trading up 13.5%, with a current market capitalization of $2.04 billion.
• SolarEdge reported a revenue increase of 9.0% year-over-year for the last quarter, totaling $289.43 million, although it continues to face negative earnings per share.

Algert Global LLC purchased a new position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 52,470 shares of the semiconductor company's stock, valued at approximately $849,000. Algert Global LLC owned about 0.09% of SolarEdge Technologies as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. American Century Companies Inc. bought a new stake in shares of SolarEdge Technologies in the 1st quarter valued at about $345,000. Fox Run Management L.L.C. bought a new stake in shares of SolarEdge Technologies in the 1st quarter valued at about $746,000. Public Sector Pension Investment Board lifted its stake in shares of SolarEdge Technologies by 27.3% in the 1st quarter. Public Sector Pension Investment Board now owns 183,776 shares of the semiconductor company's stock valued at $2,973,000 after acquiring an additional 39,419 shares during the last quarter. Nuveen LLC bought a new stake in shares of SolarEdge Technologies in the 1st quarter valued at about $1,092,000. Finally, Entropy Technologies LP bought a new stake in shares of SolarEdge Technologies in the 1st quarter valued at about $594,000. Institutional investors own 95.10% of the company's stock.

SolarEdge Technologies Trading Up 13.5%

SEDG opened at $34.30 on Friday. The business has a 50 day simple moving average of $25.24 and a two-hundred day simple moving average of $19.28. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of -1.14 and a beta of 1.56. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.94 and a quick ratio of 1.42. SolarEdge Technologies, Inc. has a one year low of $10.24 and a one year high of $34.36.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last posted its earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.81). SolarEdge Technologies had a negative return on equity of 191.53% and a negative net margin of 177.64%.The firm had revenue of $289.43 million for the quarter, compared to the consensus estimate of $270.03 million. During the same quarter in the prior year, the business earned ($1.79) EPS. The business's revenue for the quarter was up 9.0% on a year-over-year basis. SolarEdge Technologies has set its Q3 2025 guidance at EPS. Analysts predict that SolarEdge Technologies, Inc. will post -4.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SEDG shares. Wells Fargo & Company boosted their target price on SolarEdge Technologies from $15.00 to $24.00 and gave the company an "equal weight" rating in a research note on Friday, August 8th. BNP Paribas Exane lowered SolarEdge Technologies from a "neutral" rating to an "underperform" rating and set a $17.00 target price for the company. in a research note on Wednesday, July 16th. TD Cowen boosted their target price on SolarEdge Technologies from $18.00 to $20.00 and gave the company a "hold" rating in a research note on Friday, August 8th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $27.00 price target on shares of SolarEdge Technologies in a research report on Wednesday, July 9th. Finally, Northland Securities raised SolarEdge Technologies from an "under perform" rating to a "market perform" rating and set a $15.50 price target for the company in a research report on Friday, May 23rd. Eighteen equities research analysts have rated the stock with a Hold rating and ten have issued a Sell rating to the company. According to data from MarketBeat, SolarEdge Technologies currently has an average rating of "Reduce" and an average target price of $18.12.

About SolarEdge Technologies

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.

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