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SEDG · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is SolarEdge Technologies, Inc. (SEDG) stock moving?
SEDG has fallen from about $33 in late October to $25.86 on Nov 10, a fresh low in the 30-day window. The main driver is the Nov 4 Q3 report: adjusted EPS of $0.29 beat the $0.04 estimate, but Q3 sales of $326.1M slightly missed, and Q4 sales guidance of $245M-$275M came in roughly 13% below the $316M estimate at its midpoint. The stock fell from $30.02 to $26.20 on Nov 5 on 6.8M shares, after 8.2M shares traded on the results day. Analysts followed with lower targets: Citigroup (Sell, $24), Goldman Sachs (Sell, $25), RBC (Sector Perform, $25) and JP Morgan and Susquehanna (Neutral, $31). The current price sits near the lowest targets. On Nov 9 the company said it will exit its Australian and New Zealand operations and end product support there. Offsetting items include progress on the 800-volt DC system, where the transformer cell passed high-voltage testing, and the Oct 28 strategic pivot toward solid-state transformers for AI data centers. The Nov 4 midterm result, which gave Democrats control of Congress, was also cited as supportive for solar policy. The chief revenue officer's resignation (announced Oct 1, effective Mar 31, 2027) adds execution uncertainty. Near-term momentum and estimate revisions lean negative, while the longer-term case depends on data-center and 800-volt execution that is not yet proven in the reported numbers.
News behind the analysis
- SolarEdge Exits Australian and New Zealand MarketsSolarEdge will close its local sales and operations in Australia and New Zealand, including ending product support in those regions.
- SolarEdge Technologies Reports Third Quarter 2026 Financial ResultsQ3 revenue was $326.1 million and adjusted EPS was $0.29, with the company also issuing its Q4 outlook.
- SolarEdge Technologies Sees Q4 Sales $245.000M-$275.000M vs $315.971M EstQ4 sales guidance of $245M-$275M sits well below the $315.971M analyst estimate.
- SolarEdge Technologies Q3 Adj. EPS $0.29 Beats $0.04 Estimate, Sales $326.076M Miss $326.597M EstimateAdjusted EPS beat consensus by a wide margin while Q3 sales came in slightly below estimate.
- RBC Capital Maintains Sector Perform on SolarEdge Technologies, Lowers Price Target to $25RBC kept its Sector Perform rating but cut its price target from $30 to $25.
- Citigroup Maintains Sell on SolarEdge Technologies, Lowers Price Target to $24Citigroup kept a Sell rating and lowered its price target to $24 after the results.
- Goldman Sachs Maintains Sell on SolarEdge Technologies, Lowers Price Target to $25Goldman Sachs kept a Sell rating and lowered its price target to $25.
- JP Morgan Maintains Neutral on SolarEdge Technologies, Lowers Price Target to $31JP Morgan kept a Neutral rating and cut its price target to $31.
- SolarEdge Advances 800-Volt DC System DevelopmentThe company reported its transformer cell passed high-voltage testing and the 800-volt DC system remains on track for commercial scaling.
About SolarEdge Technologies, Inc.
SolarEdge, based in Milpitas, California, designs inverter systems that turn solar panel power into usable electricity for homes, businesses and large solar sites. It is best known for its DC-optimized approach, where small power optimizers on each panel feed a central inverter. It is now also working on power equipment for AI data centers, including a solid-state transformer and an 800-volt DC system.
How it makes money
Most of its revenue comes from selling solar inverters, power optimizers, home batteries and monitoring software, through distributors and installers in the US and Europe. The bulk of sales come from home rooftop systems, with a smaller share from commercial sites. In Q3 2026 revenue was about $326 million, down around 4% from a year earlier. The company is restructuring, pulling out of weaker markets and moving spending toward storage and data-center power products.
What usually moves SEDG
- US and European (especially German) residential solar demand
- Interest rates and solar incentive or policy changes
- Tariffs and US manufacturing tax credits
- Distributor inventory levels and pricing competition
- Progress on data-center power products