Invesco Ltd. Sells 473,525 Shares of SolarEdge Technologies, Inc. $SEDG

Key Points

• Invesco Ltd. has reduced its stake in SolarEdge Technologies by 19.4%, now holding approximately 3.34% of the company valued at $31.9 million.
• Several other institutions have increased their holdings significantly, with GAMMA Investing lifting its stake by 2,680.8% in the first quarter.
• Analyst ratings have varied, with Barclays upgrading the stock and setting a new price target of $29.00, while BNP Paribas issued a "strong sell" rating.

Invesco Ltd. decreased its holdings in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 19.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,971,639 shares of the semiconductor company's stock after selling 473,525 shares during the quarter. Invesco Ltd. owned about 3.34% of SolarEdge Technologies worth $31,901,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mizuho Markets Americas LLC boosted its holdings in shares of SolarEdge Technologies by 67.3% during the 1st quarter. Mizuho Markets Americas LLC now owns 161,605 shares of the semiconductor company's stock valued at $2,615,000 after buying an additional 65,000 shares in the last quarter. Global Alpha Capital Management Ltd. purchased a new position in shares of SolarEdge Technologies in the 1st quarter worth about $719,000. Citigroup Inc. raised its position in shares of SolarEdge Technologies by 18.3% in the 1st quarter. Citigroup Inc. now owns 515,182 shares of the semiconductor company's stock worth $8,336,000 after purchasing an additional 79,673 shares during the last quarter. Deutsche Bank AG raised its position in shares of SolarEdge Technologies by 0.5% in the 1st quarter. Deutsche Bank AG now owns 148,734 shares of the semiconductor company's stock worth $2,407,000 after purchasing an additional 766 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of SolarEdge Technologies by 2.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 533,758 shares of the semiconductor company's stock worth $8,636,000 after purchasing an additional 12,830 shares during the last quarter. Hedge funds and other institutional investors own 95.10% of the company's stock.

SolarEdge Technologies Stock Performance

Shares of NASDAQ:SEDG traded down $2.31 during mid-day trading on Monday, reaching $31.99. 5,450,651 shares of the company traded hands, compared to its average volume of 4,815,780. The company's 50 day moving average price is $25.40 and its 200-day moving average price is $19.44. The firm has a market cap of $1.90 billion, a PE ratio of -1.07 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 52 week low of $10.24 and a 52 week high of $34.36.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.81). The company had revenue of $289.43 million during 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 firm's revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company posted ($1.79) EPS. SolarEdge Technologies has set its Q3 2025 guidance at EPS. On average, equities analysts expect that SolarEdge Technologies, Inc. will post -4.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on SEDG. Roth Capital lifted their price target on SolarEdge Technologies from $15.00 to $25.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Wells Fargo & Company boosted their target price on SolarEdge Technologies from $15.00 to $24.00 and gave the stock an "equal weight" rating in a research report 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 report on Wednesday, July 16th. Northland Capmk raised SolarEdge Technologies from a "strong sell" rating to a "hold" rating in a research report on Friday, May 23rd. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $27.00 target price on shares of SolarEdge Technologies in a research report on Wednesday, July 9th. Eighteen equities research analysts have rated the stock with a Hold rating and ten have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average 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.