SolarEdge Technologies (NASDAQ:SEDG) Shares Down 5.5% - Here's Why

Key Points

• SolarEdge Technologies shares dropped by 5.5% to close at $35.87, with trading volume down 35% compared to the average.
• Recent analyst ratings show mixed reviews, with Jefferies Financial Group lowering their target price while Barclays increased theirs, highlighting uncertainty surrounding the stock.
• The company reported a negative net margin of 177.64% and earnings per share of ($0.81), in line with analysts' expectations but reflecting ongoing financial challenges.

SolarEdge Technologies, Inc. (NASDAQ:SEDG - Get Free Report) traded down 5.5% during mid-day trading on Friday . The stock traded as low as $35.72 and last traded at $35.87. 3,056,436 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 4,736,064 shares. The stock had previously closed at $37.96.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Jefferies Financial Group raised their target price 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. Roth Capital raised their target price on shares of SolarEdge Technologies from $15.00 to $25.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Susquehanna increased their price target on shares of SolarEdge Technologies from $14.00 to $26.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. BNP Paribas upgraded shares of SolarEdge Technologies to a "strong sell" rating in a research report on Wednesday, July 16th. Finally, Barclays upgraded shares of SolarEdge Technologies from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $12.00 to $29.00 in a research report on Monday, July 14th. Eighteen equities research analysts have rated the stock with a Hold rating and eleven have assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of $18.92.

SolarEdge Technologies Stock Down 4.5%

The company has a debt-to-equity ratio of 0.72, a current ratio of 1.94 and a quick ratio of 1.42. The firm's 50 day moving average is $31.51 and its two-hundred day moving average is $22.99. The firm has a market capitalization of $2.15 billion, a P/E ratio of -1.21 and a beta of 1.58.

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

Institutional Investors Weigh In On SolarEdge Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of SolarEdge Technologies by 5.1% in the third quarter. GAMMA Investing LLC now owns 6,207 shares of the semiconductor company's stock worth $230,000 after purchasing an additional 302 shares during the period. Marex Group plc bought a new position in SolarEdge Technologies in the second quarter valued at about $518,000. Element Pointe Advisors LLC bought a new stake in shares of SolarEdge Technologies during the second quarter worth about $339,000. Public Sector Pension Investment Board lifted its stake in shares of SolarEdge Technologies by 9.6% in the second quarter. Public Sector Pension Investment Board now owns 201,340 shares of the semiconductor company's stock worth $4,107,000 after acquiring an additional 17,564 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of SolarEdge Technologies by 28.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the semiconductor company's stock worth $51,000 after acquiring an additional 553 shares during the period. Institutional investors and hedge funds own 95.10% of the company's stock.

SolarEdge Technologies Company 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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