SolarEdge Technologies (NASDAQ:SEDG) Stock Price 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%.

SolarEdge Technologies, Inc. (NASDAQ:SEDG - Get Free Report) shares traded down 5.2% on Monday . The company traded as low as $32.23 and last traded at $32.63. 1,394,318 shares were traded during trading, a decline of 71% from the average session 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 reports. Mizuho lifted their price target on shares of SolarEdge Technologies from $18.00 to $29.00 and gave the company a "neutral" rating in a report on Monday, July 14th. The Goldman Sachs Group reissued a "neutral" rating and issued a $27.00 price target on shares of SolarEdge Technologies in a research note on Wednesday, July 9th. Guggenheim boosted their price target on shares of SolarEdge Technologies from $5.00 to $7.00 and gave the stock a "sell" rating in a report on Monday, August 25th. 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 report on Monday, July 21st. Finally, Wall Street Zen upgraded shares of SolarEdge Technologies from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Seventeen research analysts have rated the stock with a Hold rating and ten have issued a Sell rating to the company. According to MarketBeat.com, SolarEdge Technologies currently has a consensus rating of "Reduce" and a consensus target price of $18.20.

SolarEdge Technologies Stock Down 3.1%

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 firm's 50 day moving average price is $28.19 and its two-hundred day moving average price is $20.53. The company has a market capitalization of $1.98 billion, a P/E ratio of -1.11 and a beta of 1.49.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its position in shares of SolarEdge Technologies by 2,680.8% in the first quarter. GAMMA Investing LLC now owns 146,380 shares of the semiconductor company's stock worth $2,368,000 after buying an additional 141,116 shares in the last quarter. Teza Capital Management LLC grew its stake in shares of SolarEdge Technologies by 59.1% during the fourth quarter. Teza Capital Management LLC now owns 50,052 shares of the semiconductor company's stock worth $681,000 after purchasing an additional 18,602 shares in the last quarter. Sphera Management Technology Funds Ltd purchased a new position in SolarEdge Technologies during the fourth quarter worth about $816,000. SIR Capital Management L.P. acquired a new stake in SolarEdge Technologies during the fourth quarter worth approximately $2,569,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in SolarEdge Technologies by 10,038.2% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,109,225 shares of the semiconductor company's stock worth $17,945,000 after buying an additional 1,098,284 shares during the period. Hedge funds and other institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.