22,746 Shares in SolarEdge Technologies, Inc. $SEDG Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 22,746 shares of the semiconductor company’s stock, valued at approximately $1,329,000.

Several other hedge funds have also added to or reduced their stakes in SEDG. Allworth Financial LP purchased a new stake in shares of SolarEdge Technologies in the second quarter worth $31,000. State of Wyoming purchased a new position in shares of SolarEdge Technologies in the 4th quarter worth about $27,000. Kestra Advisory Services LLC purchased a new position in shares of SolarEdge Technologies in the 4th quarter worth about $31,000. Altshuler Shaham Ltd bought a new stake in SolarEdge Technologies during the 4th quarter valued at about $36,000. Finally, Farther Finance Advisors LLC increased its stake in SolarEdge Technologies by 395.5% during the 4th quarter. Farther Finance Advisors LLC now owns 1,442 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 1,151 shares in the last quarter. 95.10% of the stock is owned by institutional investors.

SolarEdge Technologies Stock Up 1.2%

SEDG stock opened at $34.20 on Friday. The company has a market cap of $2.10 billion, a price-to-earnings ratio of -7.60 and a beta of 1.44. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.38 and a current ratio of 2.03. The business’s 50-day moving average is $41.77 and its two-hundred day moving average is $46.34. SolarEdge Technologies, Inc. has a fifty-two week low of $28.21 and a fifty-two week high of $81.25.

SolarEdge Technologies (NASDAQ:SEDG) last released its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.07. The firm had revenue of $346.20 million during the quarter, compared to analyst estimates of $341.15 million. SolarEdge Technologies had a negative net margin of 20.29% and a negative return on equity of 29.17%. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.81) EPS. As a group, analysts forecast that SolarEdge Technologies, Inc. will post -1.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SEDG shares. Susquehanna dropped their target price on shares of SolarEdge Technologies from $56.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Weiss Ratings upgraded SolarEdge Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 21st. Glj Research reaffirmed a “sell” rating on shares of SolarEdge Technologies in a research report on Thursday, June 11th. Barclays reduced their price objective on SolarEdge Technologies from $53.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, August 6th. Finally, Royal Bank Of Canada lowered their target price on shares of SolarEdge Technologies from $30.00 to $24.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $38.36.

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.