SolarEdge Technologies (NASDAQ:SEDG) Hits New 12-Month High - Still a Buy?

Key Points

• SolarEdge Technologies reached a new 52-week high, trading at $39.56, and has seen a significant increase in trading volume at over 2 million shares.
• Equities analysts have mixed ratings on the stock, with 17 holding a "Hold" rating and 10 advising "Sell," reflecting a consensus price target of $18.54.
• Institutional investors own approximately 95.10% of SolarEdge's shares, indicating strong institutional backing despite its negative earnings per share reported this quarter.

SolarEdge Technologies, Inc. (NASDAQ:SEDG - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The stock traded as high as $39.56 and last traded at $39.09, with a volume of 2034221 shares traded. The stock had previously closed at $37.90.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SEDG shares. Jefferies Financial Group lifted their price target on shares of SolarEdge Technologies from $10.00 to $18.00 and gave the company an "underperform" rating in a research note on Monday, July 14th. Wall Street Zen raised shares of SolarEdge Technologies from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. TD Cowen increased their price target on SolarEdge Technologies from $18.00 to $20.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Oppenheimer reissued a "market perform" rating on shares of SolarEdge Technologies in a research report on Monday, August 11th. Finally, Susquehanna lifted their price objective on shares of SolarEdge Technologies from $14.00 to $26.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Seventeen equities research analysts have rated the stock with a Hold rating and ten have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $18.54.

SolarEdge Technologies Trading Up 4.1%

The stock has a market capitalization of $2.34 billion, a PE ratio of -1.32 and a beta of 1.50. 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 business's 50-day moving average is $30.41 and its two-hundred day moving average is $22.09.

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

Hedge Funds Weigh In On SolarEdge Technologies

Several institutional investors have recently added to or reduced their stakes in SEDG. Vanguard Group Inc. grew its stake in shares of SolarEdge Technologies by 4.4% in the first quarter. Vanguard Group Inc. now owns 3,028,018 shares of the semiconductor company's stock valued at $48,993,000 after buying an additional 126,246 shares in the last quarter. Ion Asset Management Ltd. increased its holdings in shares of SolarEdge Technologies by 135.9% in the 1st quarter. Ion Asset Management Ltd. now owns 2,082,497 shares of the semiconductor company's stock valued at $33,695,000 after acquiring an additional 1,199,801 shares during the last quarter. Menora Mivtachim Holdings LTD. lifted its stake in SolarEdge Technologies by 213.4% during the second quarter. Menora Mivtachim Holdings LTD. now owns 1,490,637 shares of the semiconductor company's stock worth $30,409,000 after purchasing an additional 1,015,017 shares during the last quarter. Legal & General Group Plc boosted its holdings in SolarEdge Technologies by 9.6% in the second quarter. Legal & General Group Plc now owns 1,424,788 shares of the semiconductor company's stock worth $29,066,000 after purchasing an additional 124,591 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in SolarEdge Technologies by 10,038.2% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,109,225 shares of the semiconductor company's stock valued at $17,945,000 after purchasing an additional 1,098,284 shares during the last quarter. 95.10% of the stock is currently owned by institutional investors and hedge funds.

About SolarEdge Technologies

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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