Assenagon Asset Management S.A. Decreases Position in SolarEdge Technologies, Inc. $SEDG

Key Points

• Assenagon Asset Management reduced its SolarEdge stake by 21.6% in the second quarter, selling 136,291 shares and retaining 493,763 shares worth approximately $28.9 million. Institutional investors and hedge funds collectively own 95.1% of SEDG.
• SolarEdge reported second-quarter revenue of about $346 million, up 20% year over year, with improved gross margins and a return to non-GAAP operating profitability. However, its third-quarter revenue outlook missed expectations, weighing on investor sentiment.
• Analyst views remain cautious: one analyst rates the stock Buy, 12 rate it Hold, and six rate it Sell, producing an average “Reduce” rating and a consensus price target of $36.20.

Assenagon Asset Management S.A. reduced its stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 21.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 493,763 shares of the semiconductor company's stock after selling 136,291 shares during the quarter. Assenagon Asset Management S.A. owned 0.81% of SolarEdge Technologies worth $28,856,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SEDG. Goldman Sachs Group Inc. lifted its holdings in SolarEdge Technologies by 8.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 997,962 shares of the semiconductor company's stock worth $16,147,000 after buying an additional 79,461 shares in the last quarter. First Trust Advisors LP grew its stake in SolarEdge Technologies by 2.8% during the 2nd quarter. First Trust Advisors LP now owns 560,585 shares of the semiconductor company's stock valued at $11,436,000 after purchasing an additional 15,333 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in SolarEdge Technologies by 4.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,023 shares of the semiconductor company's stock worth $327,000 after purchasing an additional 700 shares during the last quarter. Bayesian Capital Management LP bought a new position in SolarEdge Technologies during the 2nd quarter valued at $206,000. Finally, Canada Pension Plan Investment Board acquired a new position in SolarEdge Technologies during the 2nd quarter worth $35,000. 95.10% of the stock is owned by institutional investors and hedge funds.

More SolarEdge Technologies News

Here are the key news stories impacting SolarEdge Technologies this week:

• Positive Sentiment: SolarEdge reported second-quarter revenue of approximately $346 million, up 20% year over year, while gross margin expanded to 28.6% and the company returned to non-GAAP operating profitability. SolarEdge Reports Revenue Growth and Return to Non-GAAP Operating Profitability in Second Quarter 2026
• Positive Sentiment: New U.S. import restrictions on certain China-linked polysilicon products lifted solar-sector sentiment in premarket trading. The policy could support domestic solar manufacturing and reduce competition, although SolarEdge’s direct benefit is limited because it primarily sells power-electronics and inverter products. Solar stocks shine after Trump extends China tariffs to polysilicon products
• Neutral Sentiment: Analyst sentiment is mixed. Barclays, Susquehanna and RBC lowered their price targets but retained neutral or equal-weight ratings, while Goldman Sachs cut its target to $30 and maintained a sell rating. The reductions reflect caution rather than a broad upgrade or downgrade consensus.
• Negative Sentiment: SolarEdge’s third-quarter revenue outlook fell short of Wall Street expectations, raising concerns that the recovery is stalling and prompting investors to reassess near-term demand and earnings prospects. SolarEdge sinks after Q3 revenue guidance misses expectations
• Negative Sentiment: The earnings beat did not prevent a selloff because forward guidance carries greater weight than the quarter’s headline results. Commentary described the shares as unattractive for dip buyers amid continued uncertainty over demand, profitability and the pace of recovery. SolarEdge Beat Q2 Earnings Estimates. SEDG Stock Plummeted Anyway.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SEDG. JPMorgan Chase & Co. upped their price objective on SolarEdge Technologies from $32.00 to $35.00 and gave the company a "neutral" rating in a research note on Thursday, April 16th. The Goldman Sachs Group lowered their price target on SolarEdge Technologies from $34.00 to $30.00 and set a "sell" rating for the company in a report on Thursday. UBS Group lifted their price target on shares of SolarEdge Technologies from $36.00 to $41.00 and gave the company a "neutral" rating in a report on Thursday, May 7th. Royal Bank Of Canada dropped their price target on SolarEdge Technologies from $30.00 to $24.00 and set a "sector perform" rating on the stock in a research report on Thursday. Finally, TD Cowen reduced their price target on shares of SolarEdge Technologies from $85.00 to $75.00 and set a "buy" rating for the company in a report on Monday, July 20th. One equities research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, SolarEdge Technologies has an average rating of "Reduce" and a consensus target price of $36.20.

SolarEdge Technologies Price Performance

NASDAQ SEDG opened at $31.76 on Monday. The company has a market capitalization of $1.95 billion, a P/E ratio of -7.06 and a beta of 1.49. SolarEdge Technologies, Inc. has a 12 month low of $24.01 and a 12 month high of $81.25. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.03 and a quick ratio of 1.38. The company's 50 day simple moving average is $53.17 and its 200 day simple moving average is $46.73.

SolarEdge Technologies Profile

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.

Want to see what other hedge funds are holding SEDG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source