SolarEdge Technologies, Inc. $SEDG Shares Purchased by Handelsbanken Fonder AB

Key Points

• Handelsbanken Fonder AB increased its SolarEdge Technologies stake by 16.6% in the second quarter, acquiring 175,281 additional shares for a total of 1.23 million shares valued at approximately $71.9 million.
• Institutional investors and hedge funds own 95.1% of SolarEdge’s outstanding stock, with several firms—including Goldman Sachs and First Trust Advisors—also adding to their positions.
• SolarEdge shares opened at $32.21, near the lower end of their 52-week range, while analysts maintain a largely cautious outlook: the stock has a consensus “Reduce” rating and an average price target of $36.20.

Handelsbanken Fonder AB grew its stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 16.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,230,401 shares of the semiconductor company's stock after buying an additional 175,281 shares during the period. Handelsbanken Fonder AB owned 2.02% of SolarEdge Technologies worth $71,905,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in shares of SolarEdge Technologies by 8.7% during the first 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. First Trust Advisors LP raised its stake in SolarEdge Technologies by 2.8% in the 2nd quarter. First Trust Advisors LP now owns 560,585 shares of the semiconductor company's stock valued at $11,436,000 after purchasing an additional 15,333 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in SolarEdge Technologies by 4.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,023 shares of the semiconductor company's stock valued at $327,000 after purchasing an additional 700 shares during the last quarter. Bayesian Capital Management LP purchased a new position in SolarEdge Technologies in the 2nd quarter valued at about $206,000. Finally, Canada Pension Plan Investment Board purchased a new position in SolarEdge Technologies in the 2nd quarter valued at about $35,000. 95.10% of the stock is owned by institutional investors and hedge funds.

SolarEdge Technologies Stock Performance

Shares of SEDG stock opened at $32.21 on Tuesday. SolarEdge Technologies, Inc. has a one year low of $24.01 and a one year high of $81.25. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.38 and a current ratio of 2.03. The company has a 50 day moving average price of $52.29 and a 200 day moving average price of $46.73. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of -7.16 and a beta of 1.49.

Analyst Upgrades and Downgrades

SEDG has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of SolarEdge Technologies from $42.00 to $39.00 and set a "hold" rating for the company in a report on Thursday, May 7th. UBS Group upped their price objective on shares of SolarEdge Technologies from $36.00 to $41.00 and gave the company a "neutral" rating in a research note on Thursday, May 7th. TD Cowen decreased their target price on shares of SolarEdge Technologies from $85.00 to $75.00 and set a "buy" rating on the stock in a research report on Monday, July 20th. Weiss Ratings lowered shares of SolarEdge Technologies from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on shares of SolarEdge Technologies from $32.00 to $35.00 and gave the stock a "neutral" rating in a research note on Thursday, April 16th. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus target price of $36.20.

About SolarEdge Technologies

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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