Goldman Sachs thinks SolarEdge Technologies’ massive run in 2025 warrants taking a breather on the stock. The bank downgraded downgraded SolarEdge to neutral from buy. Its $27 price target implies upside of just 3% from Tuesday’s close. Shares of the solar power inverter maker have been on fire this year, soaring more than 92%. “With the company successfully turning around its business, which has been a driver of the strong stock price appreciation since the beginning of the year, we believe it is prudent to move to the sidelines on SEDG given general market uncertainty across the resi sector,” analyst Brian Lee wrote in a Tuesday note. SEDG YTD mountain SolarEdge Technologies stock in 2025. “Our previous buy thesis was centered on the company’s restructuring efforts, in addition to potential asset sales, as being sufficient to generate enough cash to pay down its convertible senior notes coming due in September 2025 and position the company for a turnaround in business fundamentals,” Lee said. The analyst also lowered his full-year earnings estimates for 2026 and 2027, noting “the negative changes to market dynamics within the US resi sector.” To be sure, he also sees a smaller loss for 2025 than before due to “some pull forward of demand.” Lee’s new rating puts him in line with most others covering the stock. Roughly 64% of analysts surveyed by FactSet maintain a hold rating on SolarEdge stock, with their consensus price target calling for more than 42% downside. SolarEdge shares slipped more than 1% in the premarket.
