Algert Global LLC Takes Position 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 stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) in the first quarter, according to its most recent Form 13F filing 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 0.09% of SolarEdge Technologies at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Deutsche Bank AG lifted its position in shares of SolarEdge Technologies by 0.5% during the 1st quarter. Deutsche Bank AG now owns 148,734 shares of the semiconductor company's stock valued at $2,407,000 after buying an additional 766 shares in the last quarter. Fifth Third Bancorp boosted its stake in SolarEdge Technologies by 93.7% during the 1st quarter. Fifth Third Bancorp now owns 1,633 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 790 shares during the last quarter. US Bancorp DE boosted its stake in SolarEdge Technologies by 25.2% during the 1st quarter. US Bancorp DE now owns 4,560 shares of the semiconductor company's stock worth $74,000 after purchasing an additional 918 shares during the last quarter. New York State Teachers Retirement System boosted its stake in SolarEdge Technologies by 1.5% during the 1st quarter. New York State Teachers Retirement System now owns 66,436 shares of the semiconductor company's stock worth $1,075,000 after purchasing an additional 1,000 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of SolarEdge Technologies by 32.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,851 shares of the semiconductor company's stock valued at $127,000 after acquiring an additional 1,921 shares during the last quarter. 95.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Barclays raised shares of SolarEdge Technologies from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $12.00 to $29.00 in a research report on Monday, July 14th. Oppenheimer reiterated a "market perform" rating on shares of SolarEdge Technologies in a research note on Monday, August 11th. The Goldman Sachs Group reiterated a "neutral" rating and set a $27.00 price target on shares of SolarEdge Technologies in a research note on Wednesday, July 9th. Susquehanna upped their target price on shares of SolarEdge Technologies from $14.00 to $26.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Finally, Roth Capital upped their target price on shares of SolarEdge Technologies from $15.00 to $25.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Seventeen research analysts have rated the stock with a Hold rating and ten have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $18.20.

SolarEdge Technologies Price Performance

NASDAQ:SEDG traded up $0.57 during trading hours on Friday, hitting $33.82. The company's stock had a trading volume of 3,096,696 shares, compared to its average volume of 4,649,791. The business's 50-day moving average is $26.72 and its two-hundred day moving average is $19.89. The company has a market capitalization of $2.01 billion, a PE ratio of -1.13 and a beta of 1.56. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.42 and a current ratio of 1.94. SolarEdge Technologies, Inc. has a 52-week low of $10.24 and a 52-week high of $34.67.

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

SolarEdge Technologies Profile

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.