TD Cowen Raises Price Target on SolarEdge (SEDG) Following Product Momentum

SolarEdge Technologies, Inc. (NASDAQ:SEDG) ranks among the best technology growth stocks to buy under $100. On May 29, TD Cowen boosted its price target on SolarEdge Technologies, Inc. (NASDAQ:SEDG) to $85 from $43, keeping a Buy rating on the company’s shares. Analyst Jeffrey Osborne pointed to the advancement of the company’s SST product, which has attracted positive reviews from partners.

Osborne had a fireside conversation with CEO Shuki Nir at TD Cowen’s recent TMT Conference, with the analyst stating that revenue for the SST product is projected to climb in 2028.

Meanwhile, on May 7, Jefferies reduced its SolarEdge Technologies, Inc. (NASDAQ:SEDG) price objective to $45 from $49 while keeping a Hold rating on the company’s shares. The firm stated that SolarEdge’s first-quarter 2026 performance exhibited resilience despite a tough market environment.

SolarEdge’s second-quarter outlook was broadly consistent with expectations, meaning near-breakeven EBIT. Moreover, SolarEdge Technologies, Inc. (NASDAQ:SEDG) management said they were confident in the company’s ability to generate positive free cash flow for the full year.

A global leader in smart energy technology, SolarEdge Technologies, Inc. (NASDAQ:SEDG) designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations.

While we acknowledge the risk and potential of SEDG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SEDG and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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