SolarEdge Technologies (NASDAQ:SEDG) Stock Price Down 7.1% - Time to Sell?

Key Points

• SolarEdge shares fell 7.1% intraday to about $32.70, below the 50-day and 200-day moving averages, amid below-average trading volume.
• Analyst sentiment remains cautious: the stock has an average “Reduce” rating, with 10 Holds and 5 Sells versus 2 Buys, and a consensus price target of $38.36.
• The company beat quarterly revenue and EPS estimates, reporting $346.2 million in revenue and $0.05 EPS, but remains unprofitable with negative margins and analysts expecting a full-year loss; institutional investors own 95.1% of shares.

SolarEdge Technologies, Inc. (NASDAQ:SEDG - Get Free Report) fell 7.1% during mid-day trading on Thursday . The company traded as low as $29.91 and last traded at $32.6980. 1,810,554 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 3,427,165 shares. The stock had previously closed at $35.21.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. UBS Group upgraded SolarEdge Technologies from a "neutral" rating to a "buy" rating and lifted their target price for the company from $36.00 to $42.00 in a research note on Wednesday, August 26th. Susquehanna reduced their price objective on SolarEdge Technologies from $56.00 to $38.00 and set a "neutral" rating for the company in a research report on Thursday, August 6th. TD Cowen lowered their price objective on SolarEdge Technologies from $85.00 to $75.00 and set a "buy" rating for the company in a research note on Monday, July 20th. Glj Research reaffirmed a "sell" rating on shares of SolarEdge Technologies in a research report on Thursday, June 11th. Finally, Royal Bank Of Canada cut their target price on SolarEdge Technologies from $30.00 to $24.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat, SolarEdge Technologies presently has an average rating of "Reduce" and a consensus price target of $38.36.

SolarEdge Technologies Stock Down 3.4%

The firm's 50 day simple moving average is $40.49 and its 200 day simple moving average is $46.41. The company has a market cap of $2.09 billion, a price-to-earnings ratio of -7.55 and a beta of 1.44. The company has a quick ratio of 1.38, a current ratio of 2.03 and a debt-to-equity ratio of 0.85.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $346.20 million during the quarter, compared to the consensus estimate of $341.15 million. During the same period in the previous year, the firm posted ($0.81) earnings per share. The business's revenue was up 19.6% on a year-over-year basis. Sell-side analysts anticipate that SolarEdge Technologies, Inc. will post -1.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SEDG. California State Teachers Retirement System raised its stake in shares of SolarEdge Technologies by 5,939.4% during the second quarter. California State Teachers Retirement System now owns 4,021,549 shares of the semiconductor company's stock valued at $235,019,000 after purchasing an additional 3,954,960 shares in the last quarter. UBS Group AG grew its position in SolarEdge Technologies by 234.8% in the 3rd quarter. UBS Group AG now owns 3,554,504 shares of the semiconductor company's stock valued at $131,517,000 after buying an additional 2,492,776 shares in the last quarter. Vanguard Group Inc. increased its stake in SolarEdge Technologies by 5.5% during the 4th 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 period. Invesco Ltd. raised its position in shares of SolarEdge Technologies by 28.6% during the 4th quarter. Invesco Ltd. now owns 2,169,822 shares of the semiconductor company's stock worth $62,599,000 after buying an additional 483,052 shares in the last quarter. Finally, Electron Capital Partners LLC raised its position in shares of 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 in the last quarter. Institutional investors own 95.10% of the company's stock.

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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