SolarEdge Technologies (NASDAQ:SEDG) Trading Up 6.8% - Here's Why

Key Points

• SolarEdge Technologies's stock rose by 6.8% during mid-day trading, reaching prices as high as $33.67, while trading volume decreased significantly by 66% from its average.
• Several analysts have upgraded their price targets for SolarEdge, including UBS Group, which raised its target from $20 to $30, and Barclays, increasing its target from $12 to $29.
• The company's recent quarterly earnings report showed a revenue increase of 9% year-over-year, with earnings per share meeting consensus estimates at ($0.81).

SolarEdge Technologies, Inc. (NASDAQ:SEDG - Get Free Report)'s share price was up 6.8% during mid-day trading on Wednesday . The stock traded as high as $33.45 and last traded at $33.67. Approximately 1,630,522 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 4,807,463 shares. The stock had previously closed at $31.53.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SEDG. UBS Group increased their price target on shares of SolarEdge Technologies from $20.00 to $30.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 19th. Roth Capital increased their target price on shares of SolarEdge Technologies from $15.00 to $25.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Barclays upgraded SolarEdge Technologies from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $12.00 to $29.00 in a report on Monday, July 14th. Northland Capmk raised SolarEdge Technologies from a "strong sell" rating to a "hold" rating in a research report on Friday, May 23rd. Finally, Jefferies Financial Group lifted their price objective on SolarEdge Technologies from $10.00 to $18.00 and gave the company an "underperform" rating in a research report on Monday, July 14th. Seventeen research analysts have rated the stock with a Hold rating and ten have issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $18.20.

SolarEdge Technologies Stock Up 5.5%

The company has a quick ratio of 1.42, a current ratio of 1.94 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $1.98 billion, a P/E ratio of -1.11 and a beta of 1.50. The firm has a 50-day moving average price of $27.33 and a two-hundred day moving average price of $20.18.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) EPS for the quarter, meeting 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%.The company's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.79) EPS. SolarEdge Technologies has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that SolarEdge Technologies, Inc. will post -4.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SEDG. Point72 Asset Management L.P. acquired a new stake in shares of SolarEdge Technologies during the fourth quarter worth approximately $17,909,000. Ion Asset Management Ltd. increased its holdings in shares of 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 buying an additional 1,199,801 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings 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 valued at $17,945,000 after purchasing an additional 1,098,284 shares in the last quarter. Menora Mivtachim Holdings LTD. increased its holdings in SolarEdge Technologies by 213.4% during the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 1,490,637 shares of the semiconductor company's stock valued at $30,409,000 after purchasing an additional 1,015,017 shares in the last quarter. Finally, Electron Capital Partners LLC acquired a new stake in SolarEdge Technologies during the 2nd quarter valued at $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.

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