CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 13F: Exits SEDG Stake
Key Points
- Cushing Asset Management exited its position in SolarEdge, selling 35,000 shares, which represented a 100% decrease in its holdings.
- The stock recently traded around $31.64, which is below its 50-day moving average and significantly off its 52-week high of $81.25.
- Cushing's reported value for its total 13F holdings was approximately $1.42 billion, with SolarEdge making up a small portion of that.
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On October 26, 2026, Cushing Asset Management sold its entire stake of 35,000 shares in SolarEdge Technologies, Inc. (SEDG). The information comes from the fund's latest Form 13F filing with the SEC.
SEDG
SolarEdge Technologies, Inc.
Where SolarEdge Fits in Cushing Asset Management's Portfolio
Cushing Asset Management reported a total of about $1.42 billion in its 13F holdings, with this sale indicating a strategic shift as SolarEdge made up a small part of their overall portfolio. The fund ranked 73rd in its holdings, and the sale reflects a full exit from its previous position.
Other Institutional Activity in SolarEdge
In the latest filings, Menora Mivtachim Holdings Ltd. reduced its stake in SolarEdge by 380,432 shares, bringing its total to 2,394,421 shares valued at approximately $75.8 million. Meanwhile, Harel Insurance Investments & Financial Services Ltd. increased its holdings significantly by 2,348,836 shares, totaling 2,356,378 shares worth about $74.6 million.
SolarEdge Technologies, Inc. Stock Down 3.9%
As of October 27, 2026, SolarEdge shares were recently trading around $31.64, which is below its 50-day moving average of approximately $32.92 and significantly off its 52-week high of $81.25. The stock is also trading about 61.1% below its 52-week high, indicating a challenging market environment for the company.
Recent Earnings
SolarEdge reported trailing twelve-month revenue of approximately $1.33 billion, showing a year-over-year growth rate of 19.6%. However, the company has faced challenges, with a net margin of -20.3% and a return on equity of -58.4%. The next earnings report is scheduled for November 4, 2026.
Insider Buying and Selling at SolarEdge Technologies, Inc.
In recent insider transactions, More Avery, Chairman of the Board, bought 30,000 shares at an average price of $13.70 on March 4, 2025, totaling $411,000. Earlier, on May 7, 2026, he sold 2,566 shares, valued at about $99,467.
Analysts Set New Price Targets
On September 21, 2026, Citigroup maintained a "Sell" rating with a target of $30.00. Barclays also maintained an "Equal-Weight" rating with a target of $36.00 on October 7, 2026. Overall, the consensus among analysts suggests caution, with a mean price target of $37.37 based on 19 opinions.
About SolarEdge Technologies, Inc.
SolarEdge Technologies, Inc. is an energy technology company that primarily operates in the solar industry. The company offers products such as power optimizers, inverters, energy storage solutions, and EV chargers. This recent divestment by Cushing Asset Management may reflect broader concerns within the sector as it navigates market challenges.
Bottom Line
Cushing Asset Management's decision to sell its entire stake in SolarEdge highlights a shift in its investment strategy. Investors should watch for the upcoming earnings report on November 4, 2026, for additional insights into the company's performance and market outlook.
Related Filing Alerts
Source: CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT's 13F filing on $SEDG (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts