FORA Capital LLC Sells 82,148 Shares of SolarEdge Technologies, Inc. $SEDG

Key Points

• FORA Capital LLC has significantly reduced its stake in SolarEdge Technologies, decreasing its holdings by 73% to 30,442 shares, valued at approximately $493,000.
• Several institutional investors, including Fifth Third Bancorp and PNC Financial Services Group Inc., have increased their holdings in SolarEdge Technologies during the same quarter.
• SolarEdge recently reported a negative EPS of ($0.81) for its last quarter, meeting consensus estimates, with revenue of $289.43 million, exceeding analysts' expectations.

FORA Capital LLC lessened its stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 73.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,442 shares of the semiconductor company's stock after selling 82,148 shares during the quarter. FORA Capital LLC owned 0.05% of SolarEdge Technologies worth $493,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. AlphaQuest LLC grew its holdings in SolarEdge Technologies by 334.7% during the first quarter. AlphaQuest LLC now owns 19,544 shares of the semiconductor company's stock valued at $316,000 after purchasing an additional 15,048 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of SolarEdge Technologies by 17.5% during the 1st quarter. Hsbc Holdings PLC now owns 12,312 shares of the semiconductor company's stock worth $192,000 after purchasing an additional 1,836 shares in the last quarter. Versor Investments LP acquired a new stake in shares of SolarEdge Technologies during the 1st quarter worth approximately $413,000. Algert Global LLC acquired a new position in shares of SolarEdge Technologies in the 1st quarter worth approximately $849,000. Finally, American Century Companies Inc. acquired a new position in shares of SolarEdge Technologies in the 1st quarter worth approximately $345,000. 95.10% of the stock is owned by institutional investors.

SolarEdge Technologies Stock Down 7.3%

Shares of NASDAQ:SEDG traded down $2.46 during trading on Tuesday, reaching $31.36. 2,945,363 shares of the stock traded hands, compared to its average volume of 4,820,490. The stock has a 50-day moving average of $27.08 and a two-hundred day moving average of $20.10. SolarEdge Technologies, Inc. has a 52-week low of $10.24 and a 52-week high of $34.67. 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 stock has a market cap of $1.86 billion, a P/E ratio of -1.03 and a beta of 1.49.

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

Analysts Set New Price Targets

Several research analysts have recently commented on SEDG shares. Jefferies Financial Group boosted their target price on SolarEdge Technologies from $10.00 to $18.00 and gave the stock an "underperform" rating in a report on Monday, July 14th. Northland Capmk upgraded shares of SolarEdge Technologies from a "strong sell" rating to a "hold" rating in a report on Friday, May 23rd. Guggenheim boosted their price objective on shares of SolarEdge Technologies from $5.00 to $7.00 and gave the company a "sell" rating in a report on Monday, August 25th. Northland Securities upgraded shares of SolarEdge Technologies from an "under perform" rating to a "market perform" rating and set a $15.50 target price on the stock in a report on Friday, May 23rd. Finally, TD Cowen lifted their price target on SolarEdge Technologies from $18.00 to $20.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Seventeen investment analysts have rated the stock with a Hold rating and ten have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average target price of $18.20.

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.