Teza Capital Management LLC Decreases Stake in SolarEdge Technologies, Inc. $SEDG

Key Points

• Teza Capital Management LLC reduced its stake in SolarEdge Technologies by 51.4% in Q1, leaving it with 24,326 shares valued at approximately $394,000.
• The company reported a quarterly earnings per share (EPS) of ($0.81), meeting analyst expectations, while revenue rose to $289.43 million, exceeding estimates.
• SolarEdge Technologies has received mixed analyst ratings, with a consensus rating of "Reduce" and a price target average of $18.20.

Teza Capital Management LLC cut its holdings in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 51.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,326 shares of the semiconductor company's stock after selling 25,726 shares during the quarter. Teza Capital Management LLC's holdings in SolarEdge Technologies were worth $394,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp raised its holdings in SolarEdge Technologies by 93.7% during the first quarter. Fifth Third Bancorp now owns 1,633 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 790 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its holdings in SolarEdge Technologies by 60.0% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 1,600 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 600 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in SolarEdge Technologies during the first quarter worth $35,000. US Bancorp DE raised its holdings in SolarEdge Technologies by 25.2% during the first quarter. US Bancorp DE now owns 4,560 shares of the semiconductor company's stock worth $74,000 after purchasing an additional 918 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in SolarEdge Technologies by 32.4% during the first quarter. PNC Financial Services Group Inc. now owns 7,851 shares of the semiconductor company's stock worth $127,000 after purchasing an additional 1,921 shares during the last quarter. 95.10% of the stock is owned by institutional investors and hedge funds.

SolarEdge Technologies Price Performance

SEDG stock opened at $34.42 on Monday. The stock has a 50-day moving average price of $28.19 and a two-hundred day moving average price of $20.53. SolarEdge Technologies, Inc. has a 12-month low of $10.24 and a 12-month high of $35.77. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.72. The company has a market cap of $2.04 billion, a PE ratio of -1.15 and a beta of 1.49.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.81). SolarEdge Technologies had a negative return on equity of 191.53% and a negative net margin of 177.64%.The firm had revenue of $289.43 million during the quarter, compared to the consensus estimate of $270.03 million. During the same quarter in the previous year, the business earned ($1.79) earnings per share. The firm's quarterly revenue was up 9.0% compared to the same quarter last year. SolarEdge Technologies has set its Q3 2025 guidance at EPS. As a group, research analysts predict that SolarEdge Technologies, Inc. will post -4.54 EPS for the current year.

Wall Street Analyst Weigh In

SEDG has been the subject of several research reports. TD Cowen lifted their price objective on SolarEdge Technologies from $18.00 to $20.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Roth Capital raised 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. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $23.00 price target (up from $18.00) on shares of SolarEdge Technologies in a report on Tuesday, July 15th. Guggenheim boosted their price target on SolarEdge Technologies from $5.00 to $7.00 and gave the stock a "sell" rating in a report on Monday, August 25th. Finally, Wall Street Zen raised SolarEdge Technologies from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Seventeen analysts have rated the stock with a Hold rating and ten have issued a Sell rating to the stock. According to MarketBeat, SolarEdge Technologies has a consensus 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.

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