SolarEdge Technologies, Inc. is a leading energy technology development company that provides inverter solutions designed to maximize power generation. The firm operates through two segments: Solar and All Other. The Solar segment includes the design, development, manufacturing, and sales of an inverter solution that is designed to maximize power generation. Czech National Bank lifted its stake in the company, and other hedge funds have also modified their holdings of SolarEdge Technologies. Several analysts have provided ratings, including an “equal weight” rating, an “outperform” rating, and a “buy” rating. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $371.05. Finally, investors can visit HoldingsChannel.com to access the latest 13F filings and insider trades for SolarEdge Technologies, Inc.
Czech National Bank Increases Stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG)
According to the most recent disclosure with the Securities, Czech National Bank has raised its stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG – Get Rating) by 1.1% during the fourth quarter.
Other Hedge Funds Modify their Holdings of SEDG
Other hedge funds have also modified their holdings of SEDG. For instance, Robeco Schweiz AG purchased a new position in SolarEdge Technologies worth approximately $94,454,000. Clearbridge Investments LLC lifted its stake in SolarEdge Technologies by 120.4% in the first quarter and now owns 476,378 shares of the semiconductor company’s stock worth $153,570,000 after acquiring an additional 260,203 shares in the last quarter. Tairen Capital Ltd also boosted its position in SolarEdge Technologies by 278.2% during the third quarter and now owns 345,329 shares of the semiconductor company’s stock worth $79,930,000 after acquiring an additional 254,029 shares during the period.
Ownership by Hedge Funds and Other Institutional Investors
The total percentage of stock owned by hedge funds and other institutional investors is 80.01%.
Insider Trading
In other SolarEdge Technologies news, Meir Adest sold 5,000 shares of the company’s stock in a transaction on Tuesday, January 17th, at an average price of $315.96 per share, for a total value of $1,579,800.00. After the sale, Meir Adest owns 140,485 shares in the company, valued at $44,387,640.60. This sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Analyst Upgrades and Downgrades
There is no information available regarding analyst upgrades and downgrades.
SolarEdge Technologies Stock Receives Various Price Targets and Ratings
According to recent research reports, SolarEdge Technologies, Inc. (NASDAQ:SEDG – Get Rating) has been the subject of several price target adjustments and ratings. Morgan Stanley upped its price objective from $344.00 to $374.00 and gave the company an “equal weight” rating. Meanwhile, Oppenheimer raised its price objective from $379.00 to $383.00 and gave SolarEdge Technologies an “outperform” rating. Furthermore, Truist Financial boosted its price target from $300.00 to $370.00 and gave the company a “buy” rating. KeyCorp began covering SolarEdge Technologies and assigned a “sector weight” rating on the stock. Lastly, Piper Sandler raised its price objective from $325.00 to $390.00 and gave the company an “overweight” rating. Currently, one investment analyst has rated the stock as a sell rating, seven have assigned a hold rating, and twelve have given a buy rating to SolarEdge Technologies.
MarketBeat.com states that SolarEdge Technologies has an average rating of “Moderate Buy” and a consensus target price of $371.05. At the time of writing, shares of NASDAQ:SEDG opened at $284.52 on Monday. SolarEdge Technologies, Inc. has a market capitalization of $15.98 billion, a price-to-earnings ratio of 172.44, and a beta of 1.43. The company has a current ratio of 3.26, a quick ratio of 2.44, and a debt-to-equity ratio of 0.31. Additionally, SolarEdge Technologies has a one year low of $190.15 and a one year high of $375.90. The firm has a 50-day simple moving average of $308.72 and a 200-day simple moving average of $285.41.
SolarEdge Technologies Earnings Results
In its last earnings report on February 13th, SolarEdge Technologies reported $2.86 earnings per share for the quarter, beating the consensus estimate of $1.58 by $1.28. The company had revenue of $890.70 million for the quarter, compared to analyst estimates of $879.06 million. Furthermore, SolarEdge Technologies had a net margin of 3.02% and a return on equity of 10.04%. During the same period in the previous year, the company earned $0.60 EPS. Its revenue was up 61.4% on a year-over-year basis. Analysts expect that SolarEdge Technologies, Inc. will post 7.18 EPS for the current year.
About SolarEdge Technologies
SolarEdge Technologies, Inc. provides smart energy technology. The company offers power optimizers, inverters, and a cloud-based monitoring platform. Its products are used in solar photovoltaic systems that enable efficient and smart energy harvesting. The company was founded in 2006 and is headquartered in Herzliya, Israel.
SolarEdge Technologies Develops Inverter Solutions to Maximize Power Generation
SolarEdge Technologies, Inc. operates in the development of energy technology that provides inverter solutions designed to maximize power generation. The company operates through two segments: Solar and All Other. The Solar segment includes the design, development, manufacturing, and sales of an inverter solution designed to maximize power generation. Investors can visit HoldingsChannel.com to access the latest 13F filings and insider trades for SolarEdge Technologies, Inc. (NASDAQ:SEDG – Get Rating). By entering their email address, investors can receive a daily summary of the latest news and analysts’ ratings for SolarEdge Technologies and related companies with MarketBeat.com’s free daily email newsletter.
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