JPMorgan raises SolarEdge price target to $44 as Wall Street stays cautious

  • JPMorgan and RBC raised their SolarEdge price targets while retaining neutral and sector perform ratings.
  • $35.52 was SolarEdge’s closing price after a $1.24 session decline.
  • SolarEdge’s latest quarter beat forecasts, but analysts retained a Reduce consensus.

SolarEdge (SEDG) drew mixed signals from Wall Street after JPMorgan raised its price target to $44 from $37 while keeping a neutral rating, implying approximately 24% upside from the stock’s $35.52 close. Royal Bank of Canada raised its target to $30 from $24 but retained a sector perform designation, with the new target indicating about 17% downside. The revisions followed SolarEdge’s 2026 Investor Day, where management outlined approximately $2.4 billion in revenue by 2029 and announced expansion into power infrastructure for artificial intelligence applications and hyperscale data centers. The company’s latest quarterly results beat expectations, with earnings of $0.05 per share versus a forecast loss of $0.02 and sales of $346.2 million against estimates of $341.1 million. Despite the improvement, SolarEdge remains unprofitable, and Wall Street’s consensus rating is Reduce, based on 2 Buy, 10 Hold and 5 Sell recommendations, with an average target of approximately $39.43.

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