SolarEdge Technologies Stock (NASDAQ: SEDG)

SolarEdge Technologies Stock (NASDAQ:SEDG), Trade Ideas

SolarEdge Technologies

SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers.

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Several solar stocks including Sunrun, SolarEdge Technologies and Sunnova Energy International are trading lower in Tuesday&#39;s after-hours session in sympathy with shares of Enphase Energy, which fell after the company reported worse-than-expected quarterly results.

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SolarEdge Technologies, Inc. - Common Stock

SolarEdge Technologies Inc

<p>Financial giants have made a conspicuous bearish move on SolarEdge Technologies. Our analysis of options history for SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) revealed 11 unusual trades.</p>
<p>Delving into the details, we found 36% of traders were bullish, while 63% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $240,810, and 7 were calls, valued at $398,048.</p>
<h3>Predicted Price Range</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $100.0 for SolarEdge Technologies over the last 3 months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>In terms of liquidity and interest, the mean open interest for SolarEdge Technologies options trades today is 931.73 with a total volume of 841.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for SolarEdge Technologies's big money trades within a strike price range of $55.0 to $100.0 over the last 30 days.</p>
<h3>SolarEdge Technologies 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1714769146_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>SEDG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$11.45</td>
<td>$10.95</td>
<td>$11.45</td>
<td>$55.00</td>
<td>$127.0K</td>
<td>809</td>
<td style="text-align: right;">113</td>
</tr>
<tr>
<td>SEDG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$1.73</td>
<td>$1.66</td>
<td>$1.66</td>
<td>$80.00</td>
<td>$99.6K</td>
<td>699</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$21.6</td>
<td>$21.25</td>
<td>$21.6</td>
<td>$80.00</td>
<td>$86.4K</td>
<td>698</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$7.2</td>
<td>$7.05</td>
<td>$7.2</td>
<td>$65.00</td>
<td>$61.9K</td>
<td>4.8K</td>
<td style="text-align: right;">49</td>
</tr>
<tr>
<td>SEDG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/10/24</td>
<td>$5.5</td>
<td>$5.45</td>
<td>$5.5</td>
<td>$60.00</td>
<td>$52.2K</td>
<td>221</td>
<td style="text-align: right;">132</td>
</tr>
</tbody>
</table>
</p>
<h3>About SolarEdge Technologies</h3>
<p>SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers.</p>
<p>Following our analysis of the options activities associated with SolarEdge Technologies, we pivot to a closer look at the company's own performance.</p>
<h3>SolarEdge Technologies's Current Market Status</h3>
<ul>
<li>Trading volume stands at 1,848,918, with SEDG's price up by 1.17%, positioned at $60.36.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 5 days.</li>
</ul>
<h3>Professional Analyst Ratings for SolarEdge Technologies</h3>
<p>5 market experts have recently issued ratings for this stock, with a consensus target price of $88.6.</p>
<ul>
<li>An analyst from B. Riley Securities has decided to maintain their Buy rating on SolarEdge Technologies, which currently sits at a price target of $124. </li>
<li>In a cautious move, an analyst from DZ Bank downgraded its rating to Hold, setting a price target of $62. </li>
<li>An analyst from Mizuho has decided to maintain their Buy rating on SolarEdge Technologies, which currently sits at a price target of $104. </li>
<li>An analyst from Barclays persists with their Underweight rating on SolarEdge Technologies, maintaining a target price of $61. </li>
<li>An analyst from Susquehanna persists with their Positive rating on SolarEdge Technologies, maintaining a target price of $92. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for SolarEdge Technologies, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Options

SolarEdge Technologies's Options Frenzy: What You Need to Know

<p>Deep-pocketed investors have adopted a bearish approach towards SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SEDG usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for SolarEdge Technologies. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 44% leaning bullish and 55% bearish. Among these notable options, 3 are puts, totaling $336,010, and 6 are calls, amounting to $179,230.</p>
<h3>Predicted Price Range</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $59.0 to $500.0 for SolarEdge Technologies over the recent three months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for SolarEdge Technologies's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across SolarEdge Technologies's significant trades, within a strike price range of $59.0 to $500.0, over the past month.</p>
<h3>SolarEdge Technologies 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1714664820_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$442.05</td>
<td>$436.6</td>
<td>$441.0</td>
<td>$500.00</td>
<td>$220.5K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$78.45</td>
<td>$77.7</td>
<td>$77.7</td>
<td>$135.00</td>
<td>$62.1K</td>
<td style="text-align: right;">153</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$24.25</td>
<td>$24.0</td>
<td>$24.25</td>
<td>$80.00</td>
<td>$53.3K</td>
<td style="text-align: right;">96</td>
<td style="text-align: right;">22</td>
</tr>
<tr>
<td>SEDG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$2.56</td>
<td>$2.47</td>
<td>$2.5</td>
<td>$100.00</td>
<td>$50.0K</td>
<td style="text-align: right;">302</td>
<td style="text-align: right;">702</td>
</tr>
<tr>
<td>SEDG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$2.7</td>
<td>$2.6</td>
<td>$2.7</td>
<td>$100.00</td>
<td>$27.0K</td>
<td style="text-align: right;">302</td>
<td style="text-align: right;">152</td>
</tr>
</tbody>
</table>
</p>
<h3>About SolarEdge Technologies</h3>
<p>SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers.</p>
<p>In light of the recent options history for SolarEdge Technologies, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Where Is SolarEdge Technologies Standing Right Now?</h3>
<ul>
<li>With a volume of 445,390, the price of SEDG is down -0.41% at $57.86. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 6 days.</li>
</ul>
<h3>What The Experts Say On SolarEdge Technologies</h3>
<p>Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $88.6.</p>
<ul>
<li>An analyst from Barclays persists with their Underweight rating on SolarEdge Technologies, maintaining a target price of $61. </li>
<li>Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for SolarEdge Technologies, targeting a price of $92. </li>
<li>An analyst from B. Riley Securities has decided to maintain their Buy rating on SolarEdge Technologies, which currently sits at a price target of $124. </li>
<li>An analyst from Mizuho persists with their Buy rating on SolarEdge Technologies, maintaining a target price of $104. </li>
<li>An analyst from DZ Bank has revised its rating downward to Hold, adjusting the price target to $62. </li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for SolarEdge Technologies with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Spotlight on SolarEdge Technologies: Analyzing the Surge in Options Activity

<p><strong>SolarEdge Technologies's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NYSE">SEDG</a>) short percent of float has risen 14.92% since its last report. The company recently reported that it has <strong>8.91 million shares sold short</strong>, which is 15.71% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 5.08 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>SolarEdge Technologies Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1714157117_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for SolarEdge Technologies has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.</p>
<h3>Comparing SolarEdge Technologies's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, SolarEdge Technologies's peer group average for short interest as a percentage of float is 6.52%, which means the company has <strong>more</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Short Sellers

Short Ideas

(SEDG) - Analyzing SolarEdge Technologies's Short Interest

<p>Whales with a lot of money to spend have taken a noticeably bearish stance on <strong>SolarEdge Technologies</strong>.</p>
<p>Looking at options history for SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) we detected 11 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 45% with bearish.</p>
<p>From the overall spotted trades, 7 are puts, for a total amount of $567,872 and 4, calls, for a total amount of $214,545.</p>
<h3>Projected Price Targets</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $35.0 to $500.0 for SolarEdge Technologies over the last 3 months. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for SolarEdge Technologies's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of SolarEdge Technologies's whale activity within a strike price range from $35.0 to $500.0 in the last 30 days. </p>
<h3>SolarEdge Technologies Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1714077959_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$5.9</td>
<td>$5.8</td>
<td>$5.9</td>
<td>$45.00</td>
<td>$177.0K</td>
<td style="text-align: right;">944</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$443.9</td>
<td>$439.4</td>
<td>$443.9</td>
<td>$500.00</td>
<td>$133.1K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$10.5</td>
<td>$10.4</td>
<td>$10.5</td>
<td>$50.00</td>
<td>$105.0K</td>
<td style="text-align: right;">96</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>SEDG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$10.2</td>
<td>$10.0</td>
<td>$10.2</td>
<td>$70.00</td>
<td>$102.0K</td>
<td style="text-align: right;">22</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>SEDG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$14.45</td>
<td>$14.05</td>
<td>$14.05</td>
<td>$41.00</td>
<td>$44.9K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">56</td>
</tr>
</tbody>
</table>
</p>
<h3>About SolarEdge Technologies</h3>
<p>SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers.</p>
<p>Following our analysis of the options activities associated with SolarEdge Technologies, we pivot to a closer look at the company's own performance.</p>
<h3>SolarEdge Technologies's Current Market Status</h3>
<ul>
<li>Trading volume stands at 1,893,267, with SEDG's price down by -2.11%, positioned at $56.64.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 13 days.</li>
</ul>
<h3>What The Experts Say On SolarEdge Technologies</h3>
<p>Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $88.6.</p>
<ul>
<li>An analyst from Barclays has decided to maintain their Underweight rating on SolarEdge Technologies, which currently sits at a price target of $61. </li>
<li>Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for SolarEdge Technologies, targeting a price of $92. </li>
<li>An analyst from DZ Bank downgraded its action to Hold with a price target of $62. </li>
<li>An analyst from Mizuho has decided to maintain their Buy rating on SolarEdge Technologies, which currently sits at a price target of $104. </li>
<li>An analyst from B. Riley Securities persists with their Buy rating on SolarEdge Technologies, maintaining a target price of $124. </li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for SolarEdge Technologies with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Market Whales and Their Recent Bets on SEDG Options

<p><a href="https://www.bloomberg.com/news/articles/2024-04-24/us-solar-manufacturers-seek-additional-tariffs-on-panel-imports-from-asia" title="https://www.bloomberg.com/news/articles/2024-04-24/us-solar-manufacturers-seek-additional-tariffs-on-panel-imports-from-asia">https://www.bloomberg.com/news/articles/2024-04-24/us-solar-manufacturers-seek-additional-tariffs-on-panel-imports-from-asia</a></p>
<p>&nbsp;</p>
<p>Solar manufacturers are asking the US government to slap duties on $12.5 billion of imported equipment from Southeast Asia, setting the stage for a sweeping trade probe that threatens to make power projects more expensive.</p>
<p>&nbsp;</p>
<p>In petitions filed Wednesday, seven panel makers and polysilicon producers seek trade help to counteract what they say are unfair practices by overseas rivals. Their requests raise the prospect of tariffs as high as 271.5% later this year.</p>


Macro Economic Events

Economics

ARRY

FSLR

SHLS

SPWR

'US Solar Makers Seek Additional Tariffs On Panel Imports From Asia; Panel Makers Say Help Needed To Bolster US Competitiveness; New Tariffs Risk Slowing Solar Panel Installations In The US' - Bloomberg

General

Shares of solar stocks are trading lower in sympathy with Enphase, which reported worse-than-expected Q1 financial results and issued Q2 revenue guidance below estimates.

<p>Several solar stocks including <strong>Sunrun Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>), <strong>SolarEdge Technologies Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) and <strong>Sunnova Energy International Inc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) are trading lower in Tuesday&#8217;s after-hours session in sympathy with shares of <strong>Enphase Energy Inc </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), which fell after the company reported <a href="https://www.benzinga.com/news/earnings/24/04/38391465/enphase-energy-q1-earnings-revenue-eps-come-in-below-estimates-amid-softening-us-demand">worse-than-expected quarterly results</a>.</p>
<h1 class="wp-block-heading"><strong>What Happened With Enphase?</strong></h1>
<ul>
<li><strong>Q1 Revenue: </strong>$263.3 million, versus&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">estimates</a>&nbsp;of $281.95 million</li>
</ul>
<ul>
<li><strong>Q1 EPS:</strong> 35 cents, versus estimates of 40 cents</li>
</ul>
<p>Enphase Energy&#8217;s U.S. revenue was down approximately 34% on a year-over-year basis in the first quarter, while revenues in Europe increased by approximately 70%. </p>
<p>&#8220;The decline in revenue for the&nbsp;first quarter&nbsp;of 2024 compared to the&nbsp;fourth quarter&nbsp;of 2023 was the result of seasonality and a further softening in U.S. demand, while we continued to reduce shipments to manage channel inventory,&#8221; the company said. </p>
<p>Enphase also issued weak guidance, which appears to be adding to the selling pressure after hours. The company guided for second-quarter revenue of $290 million to $330 million versus estimates of $350.706 million. Enphase shares were down approximately 8% at last check.</p>
<p><em>Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38390883/tesla-q1-earnings-highlights-ev-giant-misses-wall-street-estimates-makes-cost-cuts-invests-in-ai-sp">Tesla Q1 Earnings Highlights: EV Giant Misses Wall Street Estimates, Makes Cost Cuts, Invests In AI, Speeds Launch Of New Models</a></em></p>
<h1 class="wp-block-heading"><strong>What To Expect From RUN, SEDG and NOVA</strong></h1>
<p>Sunrun, SolarEdge Technologies and Sunnova Energy are all scheduled to report quarterly results in early May. </p>
<p><strong>Sunnova will report after the market close on May 1.</strong> Analysts are anticipating a loss of 73 cents per share on revenue of $194.778 million, according to <a href="http://pro.benzinga.com">Benzinga Pro.</a></p>
<p><strong>Sunrun is due to report earnings after the market close on May 8</strong>. The company is expected to report a loss of 46 cents per share and revenue of $470.894 million. </p>
<p><strong>SolarEdge is also scheduled to report earnings after the market close on May 8.</strong> Analysts are looking for a loss of $1.57 per share on revenue of $194.061 million.</p>
<p><em>See Also: <a href="https://www.benzinga.com/news/24/04/38376714/wall-streets-most-accurate-analysts-views-on-3-energy-stocks-with-over-3-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Energy Stocks With Over 3% Dividend Yields</a></em></p>
<p><strong>RUN, SEDG, NOVA Price Action:&nbsp;</strong>At publication time, Sunrun shares were down 1.07% at $10.17 after hours, SolarEdge shares were down 2.22% at $55.39 and Sunnova shares were down 1.02% at $3.88, according to&nbsp;<a href="https://benzinga.grsm.io/gxjhpowx7zks" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.</p>
<p><em>Photo: Andreas from Pixabay.</em></p>


<p>SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) has been analyzed by 19 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.</p>
<p>The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">11</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
</tbody>
</table>
<p>Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $86.63, a high estimate of $133.00, and a low estimate of $61.00. Highlighting a 11.49% decrease, the current average has fallen from the previous average price target of $97.88. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713816038_0.png" alt="price target chart" /></p>
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
<p>An in-depth analysis of recent analyst actions unveils how financial experts perceive SolarEdge Technologies. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Christopher Souther</td>
<td>B. Riley Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$124.00</td>
<td>$133.00</td>
</tr>
<tr>
<td>Maheep Mandloi</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Buy</td>
<td>$104.00</td>
<td>$106.00</td>
</tr>
<tr>
<td>Markus Leistner</td>
<td>DZ Bank</td>
<td>Announces</td>
<td>Hold</td>
<td>$62.00</td>
<td>-</td>
</tr>
<tr>
<td>Christine Cho</td>
<td>Barclays</td>
<td>Raises</td>
<td>Underweight</td>
<td>$61.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$92.00</td>
<td>$97.00</td>
</tr>
<tr>
<td>Kashy Harrison</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$73.00</td>
<td>$77.00</td>
</tr>
<tr>
<td>Jordan Levy</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$75.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Praneeth Satish</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$81.00</td>
<td>$91.00</td>
</tr>
<tr>
<td>Maheep Mandloi</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Buy</td>
<td>$106.00</td>
<td>$119.00</td>
</tr>
<tr>
<td>Tristan Richardson</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$90.00</td>
<td>$93.00</td>
</tr>
<tr>
<td>Vikram Bagri</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$83.00</td>
<td>$89.00</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$97.00</td>
<td>$107.00</td>
</tr>
<tr>
<td>Ameet Thakkar</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$80.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Chris Dendrinos</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$77.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Kashy Harrison</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$77.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Austin Moeller</td>
<td>Canaccord Genuity</td>
<td>Maintains</td>
<td>Hold</td>
<td>$75.00</td>
<td>-</td>
</tr>
<tr>
<td>Chris Dendrinos</td>
<td>RBC Capital</td>
<td>Announces</td>
<td>Sector Perform</td>
<td>$85.00</td>
<td>-</td>
</tr>
<tr>
<td>Christopher Souther</td>
<td>B. Riley Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$133.00</td>
<td>$166.00</td>
</tr>
<tr>
<td>Brian Lee</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Sell</td>
<td>$71.00</td>
<td>$83.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to SolarEdge Technologies. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of SolarEdge Technologies compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts explore the dynamics of price targets, providing estimates for the future value of SolarEdge Technologies's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
<p>Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into SolarEdge Technologies's market standing. Stay informed and make well-considered decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/SEDG/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on SolarEdge Technologies analyst ratings.</strong></a></p>
<h2>Delving into SolarEdge Technologies's Background</h2>
<p>SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers.</p>
<h3>Unraveling the Financial Story of SolarEdge Technologies</h3>
<p><strong>Market Capitalization Perspectives:</strong> The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.</p>
<p><strong>Negative Revenue Trend:</strong> Examining SolarEdge Technologies's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately <strong>-64.52%</strong> in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.</p>
<p><strong>Net Margin:</strong> SolarEdge Technologies's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of <strong>-51.38%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> SolarEdge Technologies's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of <strong>-6.62%,</strong> the company may face hurdles in generating optimal returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> SolarEdge Technologies's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of <strong>-3.52%,</strong> the company may face hurdles in achieving optimal financial returns.</p>
<p><strong>Debt Management:</strong> SolarEdge Technologies's debt-to-equity ratio is below the industry average. With a ratio of <b>0.3</b>, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.</p>
<h2>The Significance of Analyst Ratings Explained</h2>
<p>Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.</p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Ratings

The Analyst Landscape: 19 Takes On SolarEdge Technologies

<p>B. Riley Securities  analyst Christopher Souther   maintains SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) with a Buy and lowers the price target from $133 to $124.</p>


Price Target

B. Riley Securities Maintains Buy on SolarEdge Technologies, Lowers Price Target to $124

<p>Whales with a lot of money to spend have taken a noticeably bearish stance on <strong>SolarEdge Technologies</strong>.</p>
<p>Looking at options history for SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) we detected 17 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 5% of the investors opened trades with bullish expectations and 94% with bearish.</p>
<p>From the overall spotted trades, 13 are puts, for a total amount of $901,434 and 4, calls, for a total amount of $112,260.</p>
<h3>What's The Price Target?</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $500.0 for SolarEdge Technologies over the recent three months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>In today's trading context, the average open interest for options of SolarEdge Technologies stands at 437.87, with a total volume reaching 745.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in SolarEdge Technologies, situated within the strike price corridor from $40.0 to $500.0, throughout the last 30 days.</p>
<h3>SolarEdge Technologies 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713554174_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$74.0</td>
<td>$74.0</td>
<td>$74.0</td>
<td>$130.00</td>
<td>$436.6K</td>
<td style="text-align: right;">823</td>
<td style="text-align: right;">59</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$4.85</td>
<td>$4.7</td>
<td>$4.8</td>
<td>$50.00</td>
<td>$69.1K</td>
<td style="text-align: right;">929</td>
<td style="text-align: right;">181</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$14.2</td>
<td>$14.0</td>
<td>$14.15</td>
<td>$65.00</td>
<td>$49.5K</td>
<td style="text-align: right;">259</td>
<td style="text-align: right;">40</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$443.2</td>
<td>$439.05</td>
<td>$443.2</td>
<td>$500.00</td>
<td>$44.3K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">7</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$446.15</td>
<td>$439.05</td>
<td>$443.11</td>
<td>$500.00</td>
<td>$44.3K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">7</td>
</tr>
</tbody>
</table>
</p>
<h3>About SolarEdge Technologies</h3>
<p>SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers.</p>
<p>Having examined the options trading patterns of SolarEdge Technologies, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Current Position of SolarEdge Technologies</h3>
<ul>
<li>Currently trading with a volume of 1,069,677, the SEDG's price is down by -3.09%, now at $55.62. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 19 days.</li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for SolarEdge Technologies with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


<p>Mizuho  analyst Maheep Mandloi   maintains SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) with a Buy and lowers the price target from $106 to $104.</p>


Mizuho Maintains Buy on SolarEdge Technologies, Lowers Price Target to $104

<p>The Biden administration is expected to grant a request by South Korea&rsquo;s Hanwha Qcells to reverse a two-year-old trade exemption that has allowed imports of a dominant solar panel technology from China and other countries to avoid tariffs, two sources familiar with the White House plans said on Wednesday.</p>
<p>&nbsp;</p>
<p>The request, which has not previously been reported, comes as Qcells is seeking to protect a pledged $2.5 billion expansion of its U.S. solar manufacturing presence against competition from cheaper Asian-made products.</p>
<p>&nbsp;</p>
<p>The solar division of Korean conglomerate Hanwha Corp <a dir="ltr" href="https://workspace.refinitiv.com/web/apps/quotewebapi?RIC=000880.KS" tabindex="-1">000880.KS</a> outlined the request in a formal petition to the U.S. Trade Representative on Feb. 23. It included letters of support from seven other companies with billions of dollars combined invested in U.S. solar factories.</p>
<p>&nbsp;</p>
<p>No decision has been made on the timeline of the expected reversal, the sources said.</p>
<p>&nbsp;</p>
<p>Duties on imports of bifacial panels, the main technology in utility-scale solar projects, would be a boon to the more than 40 solar equipment factories planned since U.S. President Joe Biden signed his landmark climate change law, the Inflation Reduction Act, in 2022.</p>
<p>&nbsp;</p>
<p>Those plants are critical to Biden&#39;s plan to fight climate change, revitalize American manufacturing and create millions of union jobs.</p>
<p>&nbsp;</p>
<p>Past trade remedies have sharply divided the U.S. solar industry, which is dominated by installers and developers who rely on cheap imports to keep their project costs low.</p>
<p>&nbsp;</p>
<p>The top U.S. solar trade group, the Solar Energy Industries Association, lobbied for the bifacial exemption. SEIA was not immediately available for comment.</p>
<p>&nbsp;</p>
<p>Biden administration officials, including <a dir="ltr" href="reuters://REALTIME/verb=NewsStory/ric=nL2N3GI2GW" tabindex="-1">Treasury Secretary Janet Yellen</a> and <a dir="ltr" href="reuters://REALTIME/verb=NewsStory/ric=nL2N3GO37W" tabindex="-1">U.S. Trade Representative Katherine Tai</a>, in recent weeks have said the U.S. is evaluating trade remedies to deal with threats posed by China&#39;s massive investment in factory capacity for clean energy goods.</p>
<p>&nbsp;</p>
<p>Qcells, which has two factories in Georgia, is the largest U.S. producer of silicon-based solar products.</p>
<p>&nbsp;</p>
<p>In its petition, a copy of which was seen by Reuters, the company asked Biden to revoke an exemption of so-called bifacial panels from duties first imposed by Republican former President Donald Trump in 2018 and extended by Biden, a Democrat, in 2022.</p>
<p>&nbsp;</p>
<p>The tariffs on imported modules started at 30% and currently stand at 14.25%. They are due to expire in 2026.</p>


Global

'President Biden Expected To Remove Tariff Exemption For Bifacial Solar Panel Imports; No Timeline Set For Removal Of U.S. Bifacial Solar Panel Tariff Exemption' - Reuters News

<p>DZ Bank  analyst Markus Leistner   initiates coverage on SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) with a Hold rating and announces Price Target of $62.</p>


Initiation

DZ Bank Initiates Coverage On SolarEdge Technologies with Hold Rating, Announces Price Target of $62

<p>Barclays  analyst Christine Cho   maintains SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) with a Underweight and raises the price target from $50 to $61.</p>


Barclays Maintains Underweight on SolarEdge Technologies, Raises Price Target to $61

WIIM

SolarEdge shares are trading lower. Iran's weekend attack on Israel may be impacting Israel-based stocks today.

<p>Deep-pocketed investors have adopted a bearish approach towards SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SEDG usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 18 extraordinary options activities for SolarEdge Technologies. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 22% leaning bullish and 77% bearish. Among these notable options, 13 are puts, totaling $551,535, and 5 are calls, amounting to $180,194.</p>
<h3>Expected Price Movements</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $500.0 for SolarEdge Technologies, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>In today's trading context, the average open interest for options of SolarEdge Technologies stands at 820.38, with a total volume reaching 3,842.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in SolarEdge Technologies, situated within the strike price corridor from $50.0 to $500.0, throughout the last 30 days.</p>
<h3>SolarEdge Technologies Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713200463_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$438.0</td>
<td>$432.0</td>
<td>$435.0</td>
<td>$500.00</td>
<td>$130.5K</td>
<td>0</td>
<td style="text-align: right;">3</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$8.7</td>
<td>$8.65</td>
<td>$8.7</td>
<td>$65.00</td>
<td>$52.2K</td>
<td>4.3K</td>
<td style="text-align: right;">640</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$8.4</td>
<td>$8.25</td>
<td>$8.4</td>
<td>$65.00</td>
<td>$52.0K</td>
<td>4.3K</td>
<td style="text-align: right;">368</td>
</tr>
<tr>
<td>SEDG</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$5.85</td>
<td>$5.55</td>
<td>$5.7</td>
<td>$110.00</td>
<td>$51.3K</td>
<td>141</td>
<td style="text-align: right;">90</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/17/24</td>
<td>$8.45</td>
<td>$8.25</td>
<td>$8.35</td>
<td>$65.00</td>
<td>$43.4K</td>
<td>4.3K</td>
<td style="text-align: right;">364</td>
</tr>
</tbody>
</table>
</p>
<h3>About SolarEdge Technologies</h3>
<p>SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers.</p>
<p>Following our analysis of the options activities associated with SolarEdge Technologies, we pivot to a closer look at the company's own performance.</p>
<h3>Where Is SolarEdge Technologies Standing Right Now?</h3>
<ul>
<li>With a trading volume of 1,029,294, the price of SEDG is down by 0.0%, reaching $65.35.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 16 days from now.</li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest SolarEdge Technologies options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


SolarEdge shares are trading lower, possibly amid concerns over Iran-Israel tensions.

<p>This whale alert can help traders discover the next big trading opportunities.</p>
<p>Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.</p>
<p>Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. </p>
<p>Below are some instances of options activity happening in the Information Technology sector:<br />
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>04/12/24</td>
<td>$885.00</td>
<td>$59.6K</td>
<td>5.5K</td>
<td>38.2K</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$65.00</td>
<td>$104.7K</td>
<td>667</td>
<td>3.0K</td>
</tr>
<tr>
<td>MARA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$16.00</td>
<td>$58.2K</td>
<td>8.0K</td>
<td>1.8K</td>
</tr>
<tr>
<td>SNOW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>04/19/24</td>
<td>$155.00</td>
<td>$26.5K</td>
<td>2.5K</td>
<td>800</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/12/24</td>
<td>$120.00</td>
<td>$25.2K</td>
<td>477</td>
<td>693</td>
</tr>
<tr>
<td>CLSK</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$25.00</td>
<td>$701.4K</td>
<td>142</td>
<td>501</td>
</tr>
<tr>
<td>MSFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$400.00</td>
<td>$44.4K</td>
<td>1.5K</td>
<td>392</td>
</tr>
<tr>
<td>ZS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$180.00</td>
<td>$39.8K</td>
<td>57</td>
<td>386</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$135.00</td>
<td>$81.2K</td>
<td>3.9K</td>
<td>313</td>
</tr>
<tr>
<td>AI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$35.00</td>
<td>$31.2K</td>
<td>281</td>
<td>250</td>
</tr>
</tbody>
</table>
</p>
<h2>Explanation</h2>
<p>These bullet-by-bullet explanations have been constructed using the accompanying table.  </p>
<p>•  For <strong>NVDA</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a <strong>put</strong> option <strong>sweep</strong> that happens to be <strong>neutral</strong>, is expiring today. Parties traded <strong>150</strong> contract(s) at a <strong>$885.00</strong> strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was <strong>$59.6K</strong>, with a price of <strong>$395.0</strong> per contract. There were <strong>5545</strong> open contracts at this strike prior to today, and today <strong>38223</strong> contract(s) were bought and sold. </p>
<p>•  Regarding <strong>SEDG</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>), we observe a <strong>put</strong> option <strong>sweep</strong> with <strong>bearish</strong> sentiment. It expires in 35 day(s) on <strong>May 17, 2024</strong>. Parties traded <strong>136</strong> contract(s) at a <strong>$65.00</strong> strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was <strong>$104.7K</strong>, with a price of <strong>$770.0</strong> per contract. There were <strong>667</strong> open contracts at this strike prior to today, and today <strong>3066</strong> contract(s) were bought and sold. </p>
<p>•  For <strong>MARA</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a <strong>put</strong> option <strong>sweep</strong> that happens to be <strong>bearish</strong>, expiring in 7 day(s) on <strong>April 19, 2024</strong>. This event was a transfer of <strong>756</strong> contract(s) at a <strong>$16.00</strong> strike. This particular put needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was <strong>$58.2K</strong>, with a price of <strong>$77.0</strong> per contract. There were <strong>8036</strong> open contracts at this strike prior to today, and today <strong>1880</strong> contract(s) were bought and sold. </p>
<p>•  Regarding <strong>SNOW</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), we observe a <strong>put</strong> option <strong>sweep</strong> with <strong>neutral</strong> sentiment. It expires in 7 day(s) on <strong>April 19, 2024</strong>. Parties traded <strong>120</strong> contract(s) at a <strong>$155.00</strong> strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was <strong>$26.5K</strong>, with a price of <strong>$222.0</strong> per contract. There were <strong>2513</strong> open contracts at this strike prior to today, and today <strong>800</strong> contract(s) were bought and sold. </p>
<p>•  For <strong>ENPH</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), we notice a <strong>put</strong> option <strong>trade</strong> that happens to be <strong>bearish</strong>, is expiring today. Parties traded <strong>70</strong> contract(s) at a <strong>$120.00</strong> strike. The total cost received by the writing party (or parties) was <strong>$25.2K</strong>, with a price of <strong>$360.0</strong> per contract. There were <strong>477</strong> open contracts at this strike prior to today, and today <strong>693</strong> contract(s) were bought and sold. </p>
<p>•  Regarding <strong>CLSK</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), we observe a <strong>put</strong> option <strong>trade</strong> with <strong>neutral</strong> sentiment. It expires in 280 day(s) on <strong>January 17, 2025</strong>. Parties traded <strong>494</strong> contract(s) at a <strong>$25.00</strong> strike. The total cost received by the writing party (or parties) was <strong>$701.4K</strong>, with a price of <strong>$1420.0</strong> per contract. There were <strong>142</strong> open contracts at this strike prior to today, and today <strong>501</strong> contract(s) were bought and sold. </p>
<p>•  For <strong>MSFT</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a <strong>put</strong> option <strong>sweep</strong> that happens to be <strong>bearish</strong>, expiring in 14 day(s) on <strong>April 26, 2024</strong>. This event was a transfer of <strong>107</strong> contract(s) at a <strong>$400.00</strong> strike. This particular put needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was <strong>$44.4K</strong>, with a price of <strong>$415.0</strong> per contract. There were <strong>1546</strong> open contracts at this strike prior to today, and today <strong>392</strong> contract(s) were bought and sold. </p>
<p>•  Regarding <strong>ZS</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>), we observe a <strong>call</strong> option <strong>trade</strong> with <strong>bullish</strong> sentiment. It expires in 161 day(s) on <strong>September 20, 2024</strong>. Parties traded <strong>16</strong> contract(s) at a <strong>$180.00</strong> strike. The total cost received by the writing party (or parties) was <strong>$39.8K</strong>, with a price of <strong>$2490.0</strong> per contract. There were <strong>57</strong> open contracts at this strike prior to today, and today <strong>386</strong> contract(s) were bought and sold. </p>
<p>•  For <strong>AMD</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a <strong>put</strong> option <strong>sweep</strong> that happens to be <strong>bearish</strong>, expiring in 70 day(s) on <strong>June 21, 2024</strong>. This event was a transfer of <strong>250</strong> contract(s) at a <strong>$135.00</strong> strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was <strong>$81.2K</strong>, with a price of <strong>$325.0</strong> per contract. There were <strong>3954</strong> open contracts at this strike prior to today, and today <strong>313</strong> contract(s) were bought and sold. </p>
<p>•  Regarding <strong>AI</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>), we observe a <strong>call</strong> option <strong>sweep</strong> with <strong>bearish</strong> sentiment. It expires in 189 day(s) on <strong>October 18, 2024</strong>. Parties traded <strong>214</strong> contract(s) at a <strong>$35.00</strong> strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was <strong>$31.2K</strong>, with a price of <strong>$146.0</strong> per contract. There were <strong>281</strong> open contracts at this strike prior to today, and today <strong>250</strong> contract(s) were bought and sold. </p>
<p><strong>Options Alert Terminology</strong><br />
 - <strong>Call Contracts:</strong> The right to buy shares as indicated in the contract.<br />
 - <strong>Put Contracts:</strong> The right to sell shares as indicated in the contract.<br />
 - <strong>Expiration Date:</strong> When the contract expires. One must act on the contract by this date if one wants to use it.<br />
 - <strong>Premium/Option Price:</strong> The price of the contract.  </p>
<p>For more information, visit our <em><a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a></em> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>.  </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


CLSK

MARA

MSFT

SNOW

10 Information Technology Stocks With Whale Alerts In Today's Session

<p>Investors with significant funds have taken a bearish position in SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>), a development that retail traders should be aware of.</p>
<p>This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in SEDG usually indicates foreknowledge of upcoming events.</p>
<p>Today, Benzinga's options scanner identified 21 options transactions for SolarEdge Technologies. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 23% being bullish and 76% bearish. Of all the options we discovered, 20 are puts, valued at $1,029,912, and there was a single call, worth $27,387.</p>
<h3>Expected Price Movements</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $61.0 and $500.0 for SolarEdge Technologies, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>In today's trading context, the average open interest for options of SolarEdge Technologies stands at 451.2, with a total volume reaching 14,131.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in SolarEdge Technologies, situated within the strike price corridor from $61.0 to $500.0, throughout the last 30 days.</p>
<h3>SolarEdge Technologies Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1712942223_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>04/26/24</td>
<td>$1.99</td>
<td>$1.99</td>
<td>$2.0</td>
<td>$61.00</td>
<td>$94.3K</td>
<td style="text-align: right;">15</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$432.0</td>
<td>$427.6</td>
<td>$432.0</td>
<td>$500.00</td>
<td>$86.4K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$6.9</td>
<td>$6.85</td>
<td>$6.9</td>
<td>$65.00</td>
<td>$73.8K</td>
<td style="text-align: right;">667</td>
<td style="text-align: right;">969</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$6.8</td>
<td>$6.75</td>
<td>$6.75</td>
<td>$65.00</td>
<td>$72.9K</td>
<td style="text-align: right;">667</td>
<td style="text-align: right;">252</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$6.85</td>
<td>$6.65</td>
<td>$6.8</td>
<td>$65.00</td>
<td>$68.6K</td>
<td style="text-align: right;">667</td>
<td style="text-align: right;">486</td>
</tr>
</tbody>
</table>
</p>
<h3>About SolarEdge Technologies</h3>
<p>SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers.</p>
<p>Following our analysis of the options activities associated with SolarEdge Technologies, we pivot to a closer look at the company's own performance.</p>
<h3>Present Market Standing of SolarEdge Technologies</h3>
<ul>
<li>Trading volume stands at 879,934, with SEDG's price down by -5.07%, positioned at $66.7.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 19 days.</li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for SolarEdge Technologies, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Check Out What Whales Are Doing With SEDG

<p>The company&nbsp;announced that its entire product portfolio complies with the UK&#39;s Product Security and Telecommunications Infrastructure (PSTI) regulation, due to come into effect on April 29, 2024.</p>


SolarEdge Reports Compliance With The UK's Cyber Security Regulatory Scheme

Biden expected to remove tariff exemption for bifacial solar panel imports - Reuters

Piper Sandler analyst Kashy Harrison maintained a Hold rating on SolarEdge Technologies (SEDG – Research Report) today and set a price target of $6...

Piper Sandler Reaffirms Their Hold Rating on SolarEdge Technologies (SEDG)

As part of the Earth Day celebration, President Joe Biden announced a seven billion dollar investment in solar energy, which could send solar-relat...

Biden's Earth Day Surprise Adds a Little Sunshine to Solar Panel Stocks

ENPH, SEDG and MEDP are among after hour movers

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Enphase Energy: Seeing The Sunlight At The End Of The Tunnel

Enphase Energy: After The Dip, Shares Still Too Sunny

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Many investors abandon highly promising shares with little chance of failing. The phenomenon has been exacerbated by overdone fears about elevated interest rates. Short sellers often believe that elevated rates will crush indebted, money-losing firms, regardless of their potential. These short sellers put huge downward pressure on small companies that are still in the red and have some debt. As their stock prices sink, many other investors also avoid buying their shares. As a result, the stocks keep continuously falling, especially if the <strong>Russell 2000</strong> drops, further emboldening the short sellers and inhibiting potential buyers. Sometimes these names do wind up plunging by more than 99%, never coming back to their previous highs. But some such firms do make huge comebacks. One <a href="https://www.nasdaq.com/articles/carvanas-comeback:-shifting-gears-from-turbulence-to-triumph">such case is</a> online auto dealer<strong> Carvana</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/cvna-stock-quote/"><strong>CVNA</strong></a></span>) <a href="https://www.marketwatch.com/investing/stock/cvna?mod=search_symbol">which has soared </a>an incredible 917% over the past 12 months. Here are three other contrarian investments that look poised to follow in Carvana&rsquo;s footsteps. </p>



<h2>Bionano (BNGO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/01/shutterstock_2039115389-1-300x169.png" alt="Bionano Genomics (BNGO) company logo on a website with blurry stock market developments in the background"><div>Source: Dennis Diatel / Shutterstock.com</div></div><p><strong>Bionano</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/bngo-stock-quote/"><strong>BNGO</strong></a></span>) created a method of DNA analysis called optical genome mapping (OGM). Last November, CEO Erik Holmlin <a href="https://seekingalpha.com/article/4652142-bionano-genomics-inc-bngo-presents-stifel-healthcare-conference-transcript">explained that </a>OGM is roughly 20% more accurate than standard DNA analysis tools, known as&nbsp;karyotyping. It enables 20% of leukemia patients, for example, to get more suitable treatments. OGM is also reportedly easier to use than karyotyping.</p>



<p>Some have suggested that an alternate technique, called sequencing, will replace karyotyping. However, sequencing analyzes a maximum of 10,000 base pairs of DNA, while OGM can analyze as many as 100,000 base pairs. OGM is also 20% more accurate than sequencing as a result.</p>



<p>Many very prestigious hospitals, including Houston&rsquo;s MD Anderson and Children&rsquo;s Hospital Los Angeles, <a href="https://seekingalpha.com/article/4676180-bionano-genomics-inc-bngo-q4-2023-earnings-call-transcript">utilize OGM</a>. What&rsquo;s more, pharma companies are utilizing OGM to evaluate cells used in gene therapies. In November, Holmlin noted that usage by pharma firms had jumped 100% year-over-year. </p>



<p>Within the next two months, BNGO stock may benefit from a huge, game-changing catalyst. The American Medical Association (AMA) is slated to consider whether to approve OGM for use in cytogenomic chromosomal abnormalities in its meeting next month. Since Medicare determines its reimbursement policies for lab tests based on AMA&rsquo;s approvals, the use of BNGO&rsquo;s products is likely to soar if the AMA votes in favor of OGM.</p>



<p> Holmlin said that news about the AMA&rsquo;s decision could surface near Q2&rsquo;s end. </p>



<h2>SolarEdge (<strong>SEDG</strong>)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/12/solaredge-sedg-1600-300x169.jpg" alt="the solar edge logo on an iPhone. SEDG stock"><div>Source: rafapress / Shutterstock.com</div></div><p>A combination of high interest rates in the U.S., elevated inventories of <strong>SolarEdge&rsquo;s </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/sedg-stock-quote/"><strong>SEDG</strong></a></span>) solar inverters in Europe, and regulatory changes in California <a href="https://seekingalpha.com/article/4681371-solaredge-under-shipping-demand">have caused</a> SolarEdge&rsquo;s financial results to plummet in the last few quarters. </p>



<p>But U.S. interest rates are still expected to drop over the long term, while European inventories will eventually be depleted, and SEDG <a href="https://seekingalpha.com/article/4671773-solaredge-technologies-inc-sedg-q4-2023-earnings-call-transcript">expects &ldquo;gradual&rdquo; </a>improvement in the California market.</p>



<p> SEDG has said that it expects its EPS to bounce back to $3 in a more &ldquo;normalized&rdquo; environment. Analysts are even more upbeat, as their<a href="https://finance.yahoo.com/quote/SEDG/analysis"> average estimate calls</a> for the company&rsquo;s 2025 earnings per share to come in at $4.21. That means that the shares are currently changing hands at a very low forward price-earnings ratio of 13.3 times. </p>



<p>What&rsquo;s more, many analysts expect the solar sector to get a boost from increased electricity consumption in the U.S.</p>



<p>SEDG&rsquo;s low valuation and high growth potential make it one of the best contrarian stocks available. </p>



<h2>Xpeng (XPEV)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/07/xpev1600-300x169.png" alt="Xpeng (XPEV) car logo in Shanghai International Automobile Industry Exhibition. EV stocks to Buy"><div>Source: THINK A / Shutterstock.com</div></div><p>Last month, Chinese electric-vehicle maker <strong>Xpeng&rsquo;s </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/xpev-stock-quote/"><strong>XPEV</strong></a></span>)<a href="https://seekingalpha.com/pr/19671714-xpeng-announces-vehicle-delivery-results-for-march-and-first-quarter-2024"> deliveries jumped 29%</a> YOY to 9,026 EVs. </p>



<p> The automaker says that its new X9 EV is now the leading MPV (multi-purpose vehicle) in China, as XPEV delivered nearly 4,000 X9 EVs in March.</p>



<p>Meanwhile, the penetration of XPEV&rsquo;s leading ADAS offering, XNGP, continues to increase as 82% of its customers utilized it in urban driving scenarios last month. And its &ldquo;unlimited XNGP&rdquo; offering was provided to more of its customers in March. </p>



<p>Also noteworthy is that it expanded recently to Thailand,&nbsp;Singapore,&nbsp;Malaysia and Germany. </p>



<p>Finally,<a href="https://investorplace.com/2024/04/contrarians-delight-3-stocks-to-scoop-up-amid-the-ev-demand-slump/">earlier this year Xpeng expanded </a>its partnership with <strong>Volkswagen</strong> (OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/vlkaf-stock-quote/"><strong>VLKAF</strong></a></span>), boding well for its long-term outlook. </p>



<p><em>On the date of publication, Larry Ramer held long positions in XPEV and BNGO. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a></em>.</p>
<div><p>Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel&rsquo;s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been SMCI, INTC, and MGM. You can reach him on Stocktwits at @larryramer.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/3-contrarian-investments-to-make-now-for-massive-upside-potential/">3 Contrarian Investments to Make Now for Massive Upside Potential</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Contrarian Investments to Make Now for Massive Upside Potential

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Cloudflare (NET – Research Report), SolarEdge Tech...

Analysts Conflicted on These Technology Names: Cloudflare (NET), SolarEdge Technologies (SEDG) and Braze (BRZE)

Solar Stocks, Berkshire, And The Latest Costco Craze

BAPR

BAUG

BJUL

BJUN

BMAR

BMAY

BNGO

BOCT

BRZE

BUFF

CATH

CHDN

COST

CSTNL

EFIV

FNCH

GCPEF

HIBL

HIBS

MANH

MAXN

MEDP

NIVF

NOBL

PAPR

PAUG

PJAN

PJUN

PUTW

QDIV

QVML

RSPT

SHIM

SMTGF

SMTGY

SNPE

SPDN

SPDV

SPGP

SPHB

SPHD

SPHQ

SPLG

SPLV

SPMO

SPMV

SPUS

SPUU

SPVM

SPVU

SPXE

SPXL

SPXN

SPXS

SPXT

SPXU

SPXV

SPYD

SPYG

SPYV

SPYX

SSPY

UAUG

UJAN

UMAR

UMAY

UOCT

UPRO

USMC

VLKAF

VOOG

VOOV

XPEV

XRLV

XYLD

XYLG

Opinion

Press Releases

Thinking about trading options or stock in Tesla, Microsoft, Novo Nordisk, Intel, or Solaredge Technologies?

SolarEdge Announces First U.S. Installation of Newly UL1741 Certified Optimized Ground-Mount 330kW Inverter in California

Investor Group Announces Slate of Highly Qualified, Independent Director Candidates and Proposed Management Team for Norfolk Southern Corporation

SolarEdge Announces Fourth Quarter 2023 and Full Year 2023 Financial Results

SolarEdge to Invest in German Software Start-Up Aiming to Decarbonize the Multi-Dwelling Sector

SolarEdge's First Commercial Storage System for PV Applications Now Available for Order in Italy

SolarEdge Launches SolarEdge ONE Optimization Solution for Homeowners with a Dynamic Rate Plan in the Netherlands

SolarEdge Acquires Wevo Energy, EV Charging Optimization and Management Software Startup

SolarEdge Announces Compliance with the UK's Cyber Security Regulatory Scheme

SolarEdge to Announce Financial Results for the First Quarter Ended March 31, 2024 on Wednesday, May 8, 2024