Bank Hapoalim BM Boosts Holdings in SolarEdge Technologies, Inc. $SEDG

Key Points

• Bank Hapoalim BM boosted its holdings in SolarEdge Technologies by 73.5%, acquiring an additional 29,859 shares, bringing its total share ownership to 70,475.
• SolarEdge Technologies has a current market cap of $2.15 billion and recently reported revenue growth of 9.0% compared to the previous year, totaling $289.43 million for the quarter.
• Analysts have mixed sentiments about SolarEdge, with a consensus rating of "Reduce" and an average price target of $18.92, reflecting caution despite some analysts raising their price targets.

Bank Hapoalim BM increased its holdings in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 73.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,475 shares of the semiconductor company's stock after purchasing an additional 29,859 shares during the period. Bank Hapoalim BM owned 0.12% of SolarEdge Technologies worth $1,438,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. lifted its holdings in SolarEdge Technologies by 60.0% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,600 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 600 shares in the last quarter. Fifth Third Bancorp lifted its holdings in SolarEdge Technologies by 93.7% in 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 in the last quarter. Banque Cantonale Vaudoise purchased a new position in SolarEdge Technologies in the 1st quarter worth approximately $35,000. Public Employees Retirement System of Ohio lifted its holdings in SolarEdge Technologies by 21.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,868 shares of the semiconductor company's stock worth $59,000 after purchasing an additional 508 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in SolarEdge Technologies by 25.2% in 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 in the last quarter. 95.10% of the stock is owned by hedge funds and other institutional investors.

SolarEdge Technologies Stock Performance

NASDAQ SEDG opened at $36.24 on Friday. The company has a market cap of $2.15 billion, a P/E ratio of -1.21 and a beta of 1.58. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.42 and a current ratio of 1.94. The business's 50 day moving average price is $31.51 and its 200-day moving average price is $22.99. SolarEdge Technologies, Inc. has a fifty-two week low of $10.24 and a fifty-two week high of $40.50.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SEDG shares. Wells Fargo & Company boosted their price target on SolarEdge Technologies from $15.00 to $24.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. Mizuho lifted their price objective on SolarEdge Technologies from $18.00 to $29.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Guggenheim lifted their price objective on SolarEdge Technologies from $5.00 to $7.00 and gave the stock a "sell" rating in a research note on Monday, August 25th. TD Cowen lifted their price objective on SolarEdge Technologies from $18.00 to $20.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. Finally, JPMorgan Chase & Co. lifted their price objective on SolarEdge Technologies from $23.00 to $27.00 and gave the stock a "neutral" rating in a research note on Friday, September 19th. Eighteen research analysts have rated the stock with a Hold rating and eleven have assigned a Sell rating to the company's stock. According to data from MarketBeat, SolarEdge Technologies presently has a consensus rating of "Reduce" and an average price target of $18.92.

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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