Man Group plc Acquires New Shares in SolarEdge Technologies, Inc. $SEDG

Key Points

• Man Group acquired 111,918 SolarEdge Technologies shares worth approximately $6.54 million, representing a 0.18% stake. Institutional investors collectively own 95.10% of the company.
• Analyst sentiment remains cautious: SolarEdge has an average “Reduce” rating and a consensus price target of $38.36, although UBS upgraded the stock to “Buy” with a $42 target.
• SolarEdge shares opened at $31.41 after declining 6.3%; despite quarterly revenue rising 19.6% year over year to $346.2 million and EPS beating estimates, analysts expect a full-year loss of $1.23 per share.

Man Group plc purchased a new stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 111,918 shares of the semiconductor company's stock, valued at approximately $6,540,000. Man Group plc owned 0.18% of SolarEdge Technologies as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UBS Group AG grew its holdings in SolarEdge Technologies by 18.5% during the 4th quarter. UBS Group AG now owns 4,210,429 shares of the semiconductor company's stock worth $121,471,000 after acquiring an additional 655,925 shares in the last quarter. Vanguard Group Inc. increased its holdings in SolarEdge Technologies by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 3,368,073 shares of the semiconductor company's stock valued at $97,169,000 after buying an additional 175,582 shares during the last quarter. Invesco Ltd. raised its stake in SolarEdge Technologies by 28.6% in the fourth quarter. Invesco Ltd. now owns 2,169,822 shares of the semiconductor company's stock valued at $62,599,000 after buying an additional 483,052 shares in the last quarter. Electron Capital Partners LLC lifted its holdings in SolarEdge Technologies by 107.8% during the 3rd quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company's stock worth $64,105,000 after buying an additional 898,802 shares during the last quarter. Finally, Artisan Partners Limited Partnership lifted its holdings in SolarEdge Technologies by 13.5% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,309,579 shares of the semiconductor company's stock worth $37,781,000 after buying an additional 155,624 shares during the last quarter. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Citigroup reduced their price objective on SolarEdge Technologies from $30.00 to $27.00 and set a "sell" rating for the company in a research note on Thursday, May 7th. Royal Bank Of Canada lowered their target price on shares of SolarEdge Technologies from $30.00 to $24.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 6th. Barclays reduced their price target on shares of SolarEdge Technologies from $53.00 to $37.00 and set an "equal weight" rating for the company in a research report on Thursday, August 6th. UBS Group upgraded shares of SolarEdge Technologies from a "neutral" rating to a "buy" rating and increased their price target for the stock from $36.00 to $42.00 in a research note on Wednesday. Finally, Weiss Ratings raised shares of SolarEdge Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday, August 21st. Two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Reduce" and an average price target of $38.36.

SolarEdge Technologies Stock Down 6.3%

SolarEdge Technologies stock opened at $31.41 on Friday. SolarEdge Technologies, Inc. has a fifty-two week low of $28.21 and a fifty-two week high of $81.25. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of -6.98 and a beta of 1.49. The stock's fifty day moving average is $43.70 and its two-hundred day moving average is $46.44. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.38 and a current ratio of 2.03.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last posted its earnings results on Wednesday, August 5th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.07. SolarEdge Technologies had a negative return on equity of 29.17% and a negative net margin of 20.29%.The firm had revenue of $346.20 million for the quarter, compared to analyst estimates of $341.15 million. During the same quarter in the prior year, the company earned ($0.81) EPS. SolarEdge Technologies's revenue was up 19.6% on a year-over-year basis. Analysts predict that SolarEdge Technologies, Inc. will post -1.23 EPS for the current fiscal year.

SolarEdge Technologies Company 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.

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