SolarEdge Technologies, Inc. $SEDG Shares Purchased by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd increased its stake in SolarEdge Technologies by 367.3% during Q1, owning approximately $923,000 worth of shares after purchasing 44,831 additional shares.
• Institutional investors and hedge funds now own 95.10% of SolarEdge Technologies' stock, indicating strong interest from large financial entities.
• Wall Street analysts have raised their price targets for SolarEdge Technologies, with Barclays increasing their target from $12.00 to $29.00 in a recent report.

Bayforest Capital Ltd raised its stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 367.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,036 shares of the semiconductor company's stock after purchasing an additional 44,831 shares during the quarter. Bayforest Capital Ltd owned about 0.10% of SolarEdge Technologies worth $923,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SEDG. Caxton Associates LLP bought a new position in shares of SolarEdge Technologies during the first quarter valued at approximately $4,164,000. Goldman Sachs Group Inc. lifted its position in shares of SolarEdge Technologies by 8.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 997,962 shares of the semiconductor company's stock valued at $16,147,000 after acquiring an additional 79,461 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of SolarEdge Technologies by 5,736.7% during the 1st quarter. Jones Financial Companies Lllp now owns 142,474 shares of the semiconductor company's stock valued at $2,305,000 after acquiring an additional 140,033 shares during the last quarter. Interval Partners LP raised its stake in SolarEdge Technologies by 249.4% during the 1st quarter. Interval Partners LP now owns 76,387 shares of the semiconductor company's stock valued at $1,236,000 after purchasing an additional 54,523 shares during the period. Finally, Ion Asset Management Ltd. increased its stake in shares of SolarEdge Technologies by 135.9% in the first quarter. Ion Asset Management Ltd. now owns 2,082,497 shares of the semiconductor company's stock worth $33,695,000 after acquiring an additional 1,199,801 shares during the last quarter. Institutional investors and hedge funds own 95.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SEDG shares. Barclays raised shares of SolarEdge Technologies from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $12.00 to $29.00 in a research report on Monday, July 14th. Wells Fargo & Company increased their target price on shares of SolarEdge Technologies from $15.00 to $24.00 and gave the company an "equal weight" rating in a research note on Friday, August 8th. Northland Capmk raised shares of SolarEdge Technologies from a "strong sell" rating to a "hold" rating in a research report on Friday, May 23rd. Wall Street Zen raised shares of SolarEdge Technologies from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Jefferies Financial Group raised their price target on shares of SolarEdge Technologies from $10.00 to $18.00 and gave the company an "underperform" rating in a report on Monday, July 14th. Seventeen equities research analysts have rated the stock with a Hold rating and ten have issued a Sell rating to the company. According to data from MarketBeat.com, SolarEdge Technologies has an average rating of "Reduce" and a consensus price target of $18.20.

SolarEdge Technologies Stock Down 2.8%

Shares of SEDG stock opened at $33.44 on Tuesday. 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 firm's 50-day moving average is $28.45 and its 200-day moving average is $20.64. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of -1.12 and a beta of 1.49. SolarEdge Technologies, Inc. has a 52-week low of $10.24 and a 52-week high of $35.77.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) EPS for the quarter, meeting analysts' consensus estimates of ($0.81). The business had revenue of $289.43 million for 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%. SolarEdge Technologies's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($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 EPS for the current year.

SolarEdge Technologies Company 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.

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