Northland Upgrades SolarEdge Technologies (SEDG) to Market Perform

Northland analyst Gus Richard upgraded SolarEdge Technologies (NASDAQ: SEDG) from Underperform to Market Perform with a price target of $15.50.

The analyst comments "We are upgrading SEDG to Market Perform. Share has declined meaningfully since our downgrade on 5/16/25 on negative US tax spending bill headlines. What the ultimate legislation looks like is still uncertain; what is certain is that utility-scale solar is the cheapest and fastest way to add generation capacity. SEDG is also well-positioned as a non-Chinese supplier with cybersecurity capabilities. We maintain our PT and upgrade to MP. Utility Scale Solar Market: Eighty percent of the US 2.6 TW of the grid interconnect queue is battery and solar, most of which is solar. Solar developers and power producers have purchased an estimated 18 to 24 months of critical components, including solar panels and batteries. The cheapest form of electricity production is utility-scale solar. It takes 5 years to bring a natural gas generation plant and 10 years to bring a nuclear plant online. The international market for utility-scale solar energy also remains strong. Finally, electricity demand is increasing, both in the U.S. and globally. The electrification of transportation and buildings and the rise of AI data centers drive this growth."

For an analyst ratings summary and ratings history on SolarEdge Technologies click here. For more ratings news on SolarEdge Technologies click here.

Shares of SolarEdge Technologies closed at $14.95 yesterday.

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