SolarEdge Technologies (NASDAQ:SEDG) Trading Down 5.2% - Here's What Happened

Key Points

• SolarEdge Technologies experienced a significant decline in stock price, dropping 5.2% to close at $32.63, with trading volume down by 71% compared to average levels.
• Analysts have adjusted their price targets for the stock, with estimates ranging from $7.00 to $29.00, while the consensus rating remains a "Reduce" with a target price of $18.20.
• The company reported a quarterly revenue of $289.43 million, exceeding expectations, but continues to face challenges with a negative return on equity of 191.53%.

Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG - Get Free Report) dropped 5.2% during trading on Monday . The company traded as low as $32.23 and last traded at $32.63. Approximately 1,394,318 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 4,797,859 shares. The stock had previously closed at $34.42.

Analysts Set New Price Targets

SEDG has been the topic of a number of research analyst reports. BNP Paribas upgraded shares of SolarEdge Technologies to a "strong sell" rating in a research note on Wednesday, July 16th. Wall Street Zen upgraded shares of SolarEdge Technologies from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $23.00 price objective (up from $18.00) on shares of SolarEdge Technologies in a research note on Tuesday, July 15th. BNP Paribas Exane downgraded shares of SolarEdge Technologies from a "neutral" rating to an "underperform" rating and set a $17.00 price objective on the stock. in a research note on Wednesday, July 16th. Finally, Northland Capmk upgraded shares of SolarEdge Technologies from a "strong sell" rating to a "hold" rating in a research note on Friday, May 23rd. Seventeen investment analysts have rated the stock with a Hold rating and ten have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus target price of $18.37.

SolarEdge Technologies Trading Down 1.8%

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 company's fifty day moving average is $28.80 and its 200-day moving average is $20.92. The stock has a market cap of $1.72 billion, a PE ratio of -0.97 and a beta of 1.50.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last issued its earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $289.43 million during the quarter, compared to analysts' expectations of $270.03 million. During the same quarter last year, the company posted ($1.79) earnings per share. The firm's revenue was up 9.0% compared to the same quarter last year. SolarEdge Technologies has set its Q3 2025 guidance at EPS. On average, analysts predict that SolarEdge Technologies, Inc. will post -4.54 earnings per share for the current fiscal year.

Institutional Trading of SolarEdge Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. acquired a new stake in shares of SolarEdge Technologies in the fourth quarter valued at about $17,909,000. Ion Asset Management Ltd. boosted its position in SolarEdge Technologies by 135.9% during the first quarter. Ion Asset Management Ltd. now owns 2,082,497 shares of the semiconductor company's stock worth $33,695,000 after acquiring an additional 1,199,801 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position 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 worth $17,945,000 after acquiring an additional 1,098,284 shares during the last quarter. Menora Mivtachim Holdings LTD. boosted its position 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 acquiring an additional 1,015,017 shares during the last quarter. Finally, Electron Capital Partners LLC acquired a new position in SolarEdge Technologies during the second quarter worth about $17,009,000. Institutional investors and hedge funds own 95.10% of the company's stock.

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.