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

Key Points

• Bayforest Capital Ltd increased its stake in SolarEdge Technologies by 49.8% during Q2, making it the largest position in their portfolio, with a total of 85,461 shares valued at approximately $1.74 million.
• Recent upgrades from various analysts have resulted in a range of price objectives for SolarEdge Technologies, with Barclays raising it to $36.00 and Deutsche Bank lifting it to $28.00, while BNP Paribas Exane downgraded it to $17.00.
• Despite a revenue increase of 9.0% year-over-year, SolarEdge reported a loss of ($0.81) EPS for the quarter, matching analyst expectations, with a consensus projection of -4.54 earnings per share for the current fiscal year.

Bayforest Capital Ltd boosted its position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 49.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,461 shares of the semiconductor company's stock after acquiring an additional 28,425 shares during the quarter. SolarEdge Technologies accounts for approximately 0.8% of Bayforest Capital Ltd's investment portfolio, making the stock its biggest position. Bayforest Capital Ltd owned 0.14% of SolarEdge Technologies worth $1,743,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Maryland State Retirement & Pension System boosted its holdings in SolarEdge Technologies by 2.9% during the 2nd quarter. Maryland State Retirement & Pension System now owns 17,352 shares of the semiconductor company's stock valued at $354,000 after acquiring an additional 486 shares during the period. KLP Kapitalforvaltning AS boosted its holdings in SolarEdge Technologies by 26.2% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 13,500 shares of the semiconductor company's stock valued at $275,000 after acquiring an additional 2,800 shares during the period. Bank Hapoalim BM boosted its holdings in SolarEdge Technologies by 73.5% during the 2nd quarter. Bank Hapoalim BM now owns 70,475 shares of the semiconductor company's stock valued at $1,438,000 after acquiring an additional 29,859 shares during the period. State of Alaska Department of Revenue boosted its holdings in SolarEdge Technologies by 9.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 35,145 shares of the semiconductor company's stock valued at $716,000 after acquiring an additional 3,035 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in SolarEdge Technologies by 21.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,868 shares of the semiconductor company's stock valued at $59,000 after acquiring an additional 508 shares during the period. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SEDG has been the subject of several recent research reports. BNP Paribas Exane cut SolarEdge Technologies from a "neutral" rating to an "underperform" rating and set a $17.00 price objective for the company. in a research note on Wednesday, July 16th. Barclays lifted their price objective on SolarEdge Technologies from $29.00 to $36.00 and gave the company an "equal weight" rating in a research note on Thursday, October 9th. Mizuho lifted their price objective on SolarEdge Technologies from $18.00 to $29.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Wall Street Zen upgraded SolarEdge Technologies from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on SolarEdge Technologies from $19.00 to $28.00 and gave the company a "hold" rating in a research note on Wednesday, October 1st. Eighteen analysts have rated the stock with a Hold rating and eleven have given a Sell rating to the company. Based on data from MarketBeat.com, SolarEdge Technologies presently has an average rating of "Reduce" and a consensus price target of $19.76.

SolarEdge Technologies Price Performance

SEDG stock opened at $36.46 on Tuesday. The business has a 50 day moving average price of $32.79 and a 200 day moving average price of $23.90. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of -1.22 and a beta of 1.58. SolarEdge Technologies, Inc. has a fifty-two week low of $10.24 and a fifty-two week high of $41.92. The company has a quick ratio of 1.42, a current ratio of 1.94 and a debt-to-equity ratio of 0.72.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) EPS for the quarter, hitting the consensus estimate of ($0.81). The company had revenue of $289.43 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.79) earnings per share. SolarEdge Technologies has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that SolarEdge Technologies, Inc. will post -4.54 earnings per share for the current fiscal year.

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.

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