Cigna earnings beat by $0.04, revenue topped estimates
In a recent transaction, Avery More, Chairman of the Board at SolarEdge Technologies, Inc. (NASDAQ:SEDG), acquired 30,000 shares of the company’s common stock. The purchase, valued at approximately $411,000, was executed on March 4, 2025. The shares were bought at a weighted average price of $13.70, with individual transaction prices ranging from $13.67 to $13.71. According to InvestingPro data, this purchase comes as the stock shows signs of undervaluation, with shares down nearly 78% over the past year.
Following this acquisition, Avery More holds a total of 274,478 shares in SolarEdge. This figure includes shares held in various trusts and by family members, although More disclaims ownership interest in certain portions. The purchase was made as a private transaction on the open market, further solidifying More’s investment in the company. InvestingPro analysis reveals that management has been actively buying back shares, with 11 analysts recently revising their earnings expectations upward. For deeper insights into SolarEdge’s valuation and future prospects, access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, SolarEdge Technologies has announced the appointment of Asaf Alperovitz as its new Chief Financial Officer. This management shift follows Shuki Nir’s recent appointment as CEO, and Truist Securities has maintained its Hold rating with an $18 price target on the company’s stock. The firm anticipates that the new leadership will focus on financial stability and inventory normalization. Meanwhile, Jefferies has raised its price target for SolarEdge to $12 from $9, maintaining an Underperform rating, citing concerns over the company’s recovery trajectory. In contrast, Mizuho (NYSE:MFG) Securities has increased its price target to $15 from $12, retaining a Neutral stance, reflecting optimism over higher margin expectations and potential benefits from 45X credits.
SolarEdge’s solar inverter portfolio now complies with the Build America, Buy America Act, allowing participation in federal infrastructure projects. This compliance is expected to support American jobs and innovation while enhancing system performance and reliability. The company’s strategic initiatives, including a four-pillar strategy to revitalize operations, were highlighted during a recent earnings call. Analysts have noted the competitive pressures SolarEdge faces, particularly from Chinese brands in Europe and Tesla (NASDAQ:TSLA) in the United States, but see potential opportunities in the near future. These developments underscore a period of significant transition and strategic shifts for SolarEdge Technologies.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.