SolarEdge Technologies shares retreated Friday after investors balanced the company’s long-term AI data-center power strategy against a below-consensus 2026 revenue outlook. At its 2026 Investor Day, management projected revenue of $2.4 billion by 2029, $360 million in EBIT and gross-margin expansion from 28% to 35%, up from $1.29 billion of projected 2026 revenue. SolarEdge said its medium-voltage-to-800 VDC conversion stage is operating under electrical load in company laboratories and that testing is advancing toward integrated system evaluation. The company is developing the powertrain under a joint protection framework with NVIDIA and is also working with Infineon on solid-state circuit breaker technology. The NVIDIA framework addresses grounding, fault protection and safety requirements for 800 VDC data-center systems. The near-term outlook remains constrained by residential solar weakness in Europe and North America and elevated interest rates: the $1.29 billion 2026 revenue forecast was below the $1.32 billion consensus cited in the earlier report. SolarEdge’s fiscal second-quarter revenue rose 19.6% year over year to $346.2 million, while non-GAAP operating income reached $10.2 million, marking the first return to non-GAAP operating profitability since the second quarter of 2023. Management said it is in discussions with hyperscalers and neoclouds but has no specific customer purchase order or agreement. JPMorgan and RBC raised their price targets while retaining cautious ratings, and the overall analyst consensus remained Reduce.