SolarEdge jumps to near two-year high after Jefferies upgrades to 'hold'

Solaredge Technologies

20/03/2026 14:01

Updates

** Shares of SolarEdge Technologies SEDG.O jump to their highest since June 2024, before settling 9% up at $49.75 in early trading

** Jefferies upgrades solar inverter maker to "hold" from "underperform"

** Raises PT to $49 from $30, implying a ~7% upside to stock's last close

** "We are tactically upgrading SEDG, as the escalating Middle East conflict is triggering a replay of the European energy security dynamics that 'turbocharged' SEDG's business during the Russia-Ukraine war" - Jefferies

** Jefferies expects any demand pickup in Europe to be less dramatic than in 2022-23, given higher renewable penetration and reduced subsidies, but says outlook nonetheless improves SEDG's earnings profile

** 1 of 30 brokerages rates the stock "buy", 24 "hold" and 5 "sell" or lower; median PT is $36 - data compiled by LSEG

** Including session's moves, SEDG up 72.62% YTD

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))