SolarEdge Technologies, Inc. (NASDAQ: SEDG) received price-target increases from JPMorgan and Royal Bank of Canada on Friday, although the broader analyst outlook remains cautious.

JPMorgan raised its target for SEDG from $37 to $44 while maintaining a “neutral” rating. The revised target implies roughly 24% upside from the stock’s previous close of $35.52. Royal Bank of Canada increased its target from $24 to $30 but retained its “sector perform” rating. Even after the increase, RBC’s target implies approximately 17% downside from the prior close.

SEDG closed at $35.52, down $1.24 on the day. The stock’s 52-week range is $28.21 to $81.25.

The upgrades followed SolarEdge’s 2026 Investor Day, where the company outlined a long-term revenue target of approximately $2.4 billion by 2029. SolarEdge also announced plans to expand into power infrastructure for artificial intelligence and hyperscale data centers.

That initiative includes a joint 800V DC protection framework with NVIDIA and an expanded collaboration with Infineon involving solid-state circuit breakers. Data-center infrastructure represents a new area of activity for SolarEdge.

Despite those announcements, the stock declined on Investor Day. Investors appeared to focus on the company’s near-term fiscal 2026 revenue outlook of approximately $1.3 billion. That projection was broadly in line with expectations and provided little reason for additional enthusiasm.

The fiscal 2026 outlook and the 2029 revenue target provide near- and longer-term benchmarks for assessing whether SolarEdge’s expansion into data-center infrastructure is translating into the growth outlined by the company. Profitability remains a separate consideration, as the latest quarter was still loss-making and analysts continue to expect a full-year loss.

Quarterly Results Show Improvement, but SolarEdge Remains Unprofitable

SolarEdge reported its most recent quarterly results on August 5. The company posted earnings of $0.05 per share, exceeding the consensus expectation of a $0.02 loss. Revenue reached $346.2 million, slightly above analysts’ estimate of $341.1 million and up 19.6% from the same period a year earlier.

SolarEdge reported a loss of $0.81 per share in the corresponding quarter last year. Although the year-over-year improvement was significant, the company remains unprofitable. Its net margin is negative 20.29%, while return on equity is negative 29.17%. For the full fiscal year, analysts continue to expect a loss of $1.23 per share.

Analyst Ratings Remain Mixed

The wider analyst picture remains mixed. Goldman Sachs reduced its price target from $34 to $30 in August and maintains a “sell” rating. Susquehanna lowered its target from $56 to $38 while keeping a “neutral” rating. Glj Research also has a “sell” rating on SEDG.

UBS took a more positive position in late August, upgrading the stock from “neutral” to “buy” and raising its target from $36 to $42. Weiss Ratings moved SEDG from “sell (e+)” to “sell (d-),” a technical upgrade that nevertheless leaves the stock within its sell category.

The current consensus price target is approximately $39.43, based on 2 Buy ratings, 10 Hold ratings, and 5 Sell ratings. The consensus rating remains “Reduce.” Institutional investors and hedge funds hold 95.1% of the stock.

SolarEdge’s 50-day moving average is $40.18, and its 200-day moving average is $46.40. The stock’s 52-week high is $81.25, while its 52-week low is $28.21.

Source: CoinCentral