SolarEdge Technologies (NASDAQ:SEDG) Stock Price Down 12.3% – Should You Sell?

SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s stock price was down 12.3% during mid-day trading on Friday . The stock traded as low as $65.72 and last traded at $64.1690. Approximately 1,093,544 shares were traded during trading, a decline of 71% from the average daily volume of 3,725,476 shares. The stock had previously closed at $73.14.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SEDG. JPMorgan Chase & Co. lifted their price target on SolarEdge Technologies from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. Citigroup cut their target price on SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating for the company in a research note on Thursday, May 7th. Weiss Ratings cut SolarEdge Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 21st. Jefferies Financial Group raised shares of SolarEdge Technologies from an “underperform” rating to a “hold” rating and increased their price target for the stock from $30.00 to $49.00 in a report on Friday, March 20th. Finally, Royal Bank Of Canada reduced their price objective on shares of SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating for the company in a research note on Thursday, May 7th. One research analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat.com, SolarEdge Technologies presently has an average rating of “Reduce” and an average target price of $33.25.

SolarEdge Technologies Stock Performance

The firm has a market capitalization of $3.89 billion, a PE ratio of -10.37 and a beta of 1.42. The company has a quick ratio of 1.36, a current ratio of 2.02 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average of $51.21 and a 200 day moving average of $40.46.

SolarEdge Technologies (NASDAQ:SEDG) last issued its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.20). The business had revenue of $309.90 million for the quarter, compared to the consensus estimate of $305.49 million. SolarEdge Technologies had a negative net margin of 28.56% and a negative return on equity of 38.66%. The business’s revenue was up 41.5% compared to the same quarter last year. During the same quarter last year, the business posted ($1.14) EPS. Equities research analysts predict that SolarEdge Technologies, Inc. will post -1.12 EPS for the current year.

Insider Buying and Selling

In other news, Chairman More Avery sold 2,566 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $38.76, for a total value of $99,458.16. Following the transaction, the chairman owned 295,379 shares of the company’s stock, valued at $11,448,890.04. This represents a 0.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.04% of the stock is currently owned by corporate insiders.

Institutional Trading of SolarEdge Technologies

A number of hedge funds have recently made changes to their positions in the stock. Accent Capital Management LLC bought a new position in SolarEdge Technologies in the third quarter valued at $25,000. Hantz Financial Services Inc. lifted its stake in SolarEdge Technologies by 352.5% during the third quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 571 shares during the last quarter. State of Wyoming purchased a new position in shares of SolarEdge Technologies in the 4th quarter worth about $27,000. Saranac Partners Ltd bought a new position in shares of SolarEdge Technologies during the 3rd quarter valued at about $28,000. Finally, Rakuten Securities Inc. increased its position in shares of SolarEdge Technologies by 82.1% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 432 shares during the last quarter. 95.10% of the stock is owned by institutional investors.

About SolarEdge Technologies

SolarEdge Technologies (NASDAQ: SEDG) is a global provider of solar energy solutions focused on optimizing photovoltaic (PV) power generation. The company’s core offerings include power optimizers, inverters and cloud-based monitoring platforms designed to maximize energy output and improve safety across residential, commercial and utility-scale installations. By coupling module-level electronics with centralized inverters, SolarEdge’s technology enables real-time performance monitoring and rapid fault detection to enhance system reliability.

In recent years, SolarEdge has expanded its product portfolio beyond solar PV to include energy storage systems, electric vehicle (EV) charging solutions and smart energy management tools.