Piper Sandler Lowers SolarEdge Technologies to Underweight
On November 7, 2024, Piper Sandler downgraded SolarEdge Technologies (WBAG:SEDG) from Neutral to Underweight. This news comes as part of a broader trend in the investment community.
Investor Sentiment Shifts
A total of 570 funds now report holdings in SolarEdge Technologies, reflecting a decrease of 54 investors or 8.65% compared to the previous quarter. Average portfolio weight for all funds invested in SEDG is currently 0.10%, a notable increase of 48.22%. Over the past three months, total shares owned by institutions have risen by 12.76%, amounting to 59,196,000 shares.
The iShares Core S&P Small-Cap ETF holds 3,706,000 shares, accounting for 6.51% ownership of SolarEdge. Its most recent filing indicated a decrease from 3,842,000 shares, marking a decline of 3.67%. Additionally, the ETF reduced its allocation in SEDG by 64.35% in the last quarter.
Grantham, Mayo, Van Otterloo & Co. has increased its stake, now holding 3,338,000 shares (5.86% ownership). This represents a 17.86% increase from its previous count of 2,742,000 shares, though the firm has still lowered its portfolio allocation in SEDG by 59.73% this past quarter.
Goldman Sachs Group’s holdings rose to 2,068,000 shares (3.63% ownership), up from 1,606,000 shares, which shows a significant increase of 22.35%. However, this firm also reduced its allocation in SEDG by 56.27% over the last three months.
Baillie Gifford decreased its shares to 1,719,000 (3.02% ownership), a slight drop of 0.23% from 1,723,000 shares. Similar to others, Baillie Gifford reduced its portfolio allocation in SEDG by 13.08% last quarter.
Invesco’s stake grew to 1,689,000 shares (2.96% ownership), an increase of 17.99% from 1,385,000 shares previously held, although it also cut its allocation in SEDG by 57.27% over the same period.
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