TLDR
- JPMorgan raised its price target on SEDG from $37 to $44, keeping a “neutral” rating, implying roughly 24% upside from the prior close
- Royal Bank of Canada lifted its target from $24 to $30, but its new target still implies around 17% downside
- SEDG closed at $35.52, down $1.24 on the day, with a 52-week range of $28.21 to $81.25
- Last quarter, SolarEdge beat estimates with $0.05 EPS vs. a $0.02 loss expected, and revenue of $346.2M vs. $341.1M expected
- The consensus rating remains “Reduce” with an average price target around $39, based on 2 Buy, 10 Hold, and 5 Sell ratings
SolarEdge (SEDG) received two price target upgrades on Friday, from JPMorgan and Royal Bank of Canada, though the overall analyst picture remains cautious.
SolarEdge Technologies, Inc., SEDG
JPMorgan lifted its target from $37 to $44, while holding its “neutral” rating. That new target implies about 24% upside from where the stock last closed at $35.52.
Royal Bank of Canada also raised its target, moving from $24 to $30. But even with the bump, RBC’s target sits roughly 17% below the prior close, and the bank kept its “sector perform” rating in place.
The two upgrades come after SolarEdge held its 2026 Investor Day, where it laid out a long-term revenue target of around $2.4 billion by 2029. The company also announced it is pushing into power infrastructure for AI and hyperscale data centers.
Part of that push includes a joint 800V DC protection framework with NVIDIA, and an expanded collaboration with Infineon on solid-state circuit breakers. The data center angle is new territory for SolarEdge.
Despite the announcements, the stock fell on Investor Day. Investors appeared to focus on the near-term revenue outlook of around $1.3 billion for fiscal 2026, which was broadly in line with expectations and gave little reason for excitement.
Earnings Beat, But Losses Remain
SolarEdge reported its most recent quarter on August 5. The company posted $0.05 EPS, beating the consensus estimate of a $0.02 loss. Revenue came in at $346.2 million, just above the $341.1 million analysts had expected.
Revenue was up 19.6% year over year. In the same quarter last year, SolarEdge posted a loss of $0.81 per share. That improvement is real, but the company is still not profitable.
Net margin sits at negative 20.29%, and return on equity is negative 29.17%. For the full fiscal year, analysts still expect a loss of $1.23 per share.
Analyst Sentiment Still Cautious
Across the broader analyst community, the picture is mixed at best. Goldman Sachs cut its target from $34 to $30 in August and has a “sell” rating. Susquehanna dropped its target from $56 to $38 with a “neutral” call.
Glj Research also has a “sell” rating on SEDG. On the more positive side, UBS upgraded the stock from “neutral” to “buy” in late August, raising its target from $36 to $42.
Weiss Ratings moved SEDG from “sell (e+)” to “sell (d-),” which is technically an upgrade but still firmly in sell territory.
The consensus target currently sits at around $39.43, with 2 Buy ratings, 10 Hold ratings, and 5 Sell ratings. Institutional investors and hedge funds hold 95.1% of the stock.
The stock has a 52-week high of $81.25 and a 52-week low of $28.21. Its 50-day moving average is $40.18, and the 200-day moving average is $46.40.
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