Entropy Technologies LP Sells 19,292 Shares of SolarEdge Technologies, Inc. $SEDG

Entropy Technologies LP trimmed its position in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 47.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,228 shares of the semiconductor company’s stock after selling 19,292 shares during the quarter. Entropy Technologies LP’s holdings in SolarEdge Technologies were worth $1,084,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in shares of SolarEdge Technologies by 8.7% during the first quarter. Goldman Sachs Group Inc. now owns 997,962 shares of the semiconductor company’s stock valued at $16,147,000 after acquiring an additional 79,461 shares during the last quarter. First Trust Advisors LP grew its stake in shares of SolarEdge Technologies by 2.8% in the second quarter. First Trust Advisors LP now owns 560,585 shares of the semiconductor company’s stock worth $11,436,000 after purchasing an additional 15,333 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in SolarEdge Technologies by 4.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,023 shares of the semiconductor company’s stock valued at $327,000 after purchasing an additional 700 shares during the period. Bayesian Capital Management LP purchased a new position in SolarEdge Technologies during the 2nd quarter valued at about $206,000. Finally, Canada Pension Plan Investment Board bought a new position in SolarEdge Technologies during the 2nd quarter valued at approximately $35,000. 95.10% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Chairman More Avery sold 2,566 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $38.76, for a total value of $99,458.16. Following the sale, the chairman directly owned 295,379 shares of the company’s stock, valued at $11,448,890.04. The trade was a 0.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.04% of the company’s stock.

SolarEdge Technologies Stock Performance

Shares of SolarEdge Technologies stock opened at $43.09 on Tuesday. SolarEdge Technologies, Inc. has a 12 month low of $23.01 and a 12 month high of $81.25. The firm has a market capitalization of $2.62 billion, a P/E ratio of -7.03 and a beta of 1.45. The company has a current ratio of 2.02, a quick ratio of 1.36 and a debt-to-equity ratio of 0.85. The business has a fifty day simple moving average of $57.90 and a two-hundred day simple moving average of $46.35.

SolarEdge Technologies (NASDAQ:SEDG) last released its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.20). SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.The business had revenue of $309.90 million during the quarter, compared to analysts’ expectations of $305.49 million. During the same period in the prior year, the company earned ($1.14) earnings per share. The firm’s quarterly revenue was up 41.5% compared to the same quarter last year. On average, equities analysts forecast that SolarEdge Technologies, Inc. will post -1.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SEDG shares. Weiss Ratings upgraded SolarEdge Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 24th. The Goldman Sachs Group reissued a “sell” rating and set a $31.00 target price (down from $36.00) on shares of SolarEdge Technologies in a research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft decreased their target price on SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating for the company in a report on Thursday, May 7th. Glj Research reiterated a “sell” rating on shares of SolarEdge Technologies in a report on Thursday, June 11th. 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 on the stock in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $38.06.

SolarEdge Technologies Profile

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.