Shares of SolarEdge Technologies Inc. (NASDAQ:SEDG) are pulling back Friday morning as investors weigh ambitious multi-year financial targets and new AI data center initiatives against a conservative near-term revenue outlook.
- SolarEdge Technologies shares are under pressure. Why is SEDG stock retreating?
2029 Financial Targets and Nvidia AI Data Center Framework
The steady trading follows SolarEdge’s 2026 Investor Day on Thursday, where management outlined a strategic vision to nearly double annual revenue from $1.29 billion in 2026 to $2.4 billion by 2029. The company projected 2029 earnings before interest and taxes of $360 million alongside gross margin expansion from 28% to 35%.
Coinciding with the event, SolarEdge announced it is advancing an 800 VDC powertrain for AI data centers under a joint protection framework published with NVIDIA, extending a September 9 partnership with Infineon for solid-state circuit breaker technology.
Offsetting long-term growth enthusiasm, SolarEdge’s full-year 2026 revenue projection of $1.29 billion fell slightly short of Wall Street consensus estimates of $1.32 billion, reflecting lingering residential solar softness in Europe and North America.
While SolarEdge achieved an operational milestone in its second-quarter results on Aug. 5, generating $346.2 million in revenue and returning to non-GAAP operating profitability, elevated interest rates keep near-term momentum anchored despite long-term expansion into AI power infrastructure.
SEDG Shares Fall Friday Morning
SEDG Price Action: SolarEdge Technologies shares were down 0.60% at $36.53 at the time of publication on Friday, according to Benzinga Pro data.
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