RBC Raises Price Target on SolarEdge Technologies to $30 From $24, Keeps Sector Perform, Speculative Risk

SolarEdge (SEDG) aims for $2.4B in revenue by 2029, targeting growth in AI data center power and battery storage. The company reported $20M in upsell revenue from Europe and highlighted its Nexis system's efficiency and value. SolarEdge's U.S. rooftop solar market share rose to 57%. It also detailed plans for solid-state transformers for AI data centers, projecting $600M in revenue by 2029. The company expects margin expansion and positive free cash flow for 2026.

Iran conflict escalation has lifted oil prices, benefiting defense, solar, and refining stocks. SAIC (NASDAQ: SAIC) reported strong Q2 2027 results with 5% organic revenue growth, $193M adjusted EBITDA, and raised its earnings outlook. SolarEdge (NASDAQ: SEDG) saw Q2 2026 revenue growth of 20% but faces financing and market challenges. Marathon Petroleum (NYSE: MPC) reported a near-fourfold profit surge in Q2 2026 due to high crack spreads, with shares up 140% YTD.

SolarEdge Technologies (SEDG) expects revenue to reach $2.4B and gross margin to hit 35% by 2029, driven by growth in storage and AI factories. The company attributes this to a strong turnaround and disciplined execution, with core markets shifting to PV-plus storage and Nexis platform adoption.

SolarEdge Technologies (SEDG) shares rose 1.96% after announcing a milestone in 800 VDC data center power hardware and a joint framework with NVIDIA (NVDA). The company's stock is up 11% from its 20-day average but remains below its 50-day and 200-day averages. SolarEdge's CEO highlighted the importance of industry collaboration for 800 VDC adoption.

SolarEdge (SEDG) targets $2.4B revenue by 2029, with projected 35% gross margin and $360M EBIT. The company advanced its 800VDC powertrain for AI data centers, partnering with Nvidia (NVDA). Q2 revenue rose 19.6% YoY to $346.2M, with non-GAAP operating income of $10.2M. Growth driven by Europe and U.S. C&I demand, offsetting U.S. residential softness.

SolarEdge Technologies (SEDG) projected revenue of $2.4B and EBIT of $360M by 2029, up from $1.29B revenue and zero EBIT in 2026. Its P/S ratio is 1.53, below historical median of 2.73. GF Value™ estimates SEDG is 17.1% overvalued. The company has a GF Score™ of 73, with strengths in profitability and momentum but weaknesses in financial stability and growth.