SolarEdge Technologies, Inc. (NASDAQ:SEDG) is included among the 10 Best Clean Energy Stocks to Buy Right Now.
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
On May 8, Mizuho bumped up its price target on SolarEdge Technologies, Inc. (NASDAQ:SEDG) from $32 to $36, while keeping a ‘Neutral’ rating on the shares. The move comes despite SolarEdge Technologies, Inc. (NASDAQ:SEDG) reporting mixed results for its Q1 2026 on May 6. The company delivered an adjusted loss of $0.43 per share during the quarter, falling behind expectations by $0.16.
However, its revenue grew by over 41% YoY to $310.5 million and topped estimates by $5 million. Meanwhile, free cash flow came in at $20.7 million, down from $43.3 million in the previous quarter. SolarEdge Technologies, Inc. (NASDAQ:SEDG) is forecasting revenues to be within the range of $325 million to $355 million for the second quarter, with adjusted gross margins expected to come between 23% and 27%.