Guggenheim Raises SolarEdge (SEDG) PT to $7, Maintains Sell Rating

SolarEdge Technologies Inc. (NASDAQ:SEDG) is one of the best performing solar stocks to buy now. On August 25, Guggenheim raised the firm’s price target on SolarEdge to $7 from $5, while keeping a Sell rating on the shares. The firm updated its model following the company’s Q2 2025 earnings report, where the total revenue for the quarter was $289 million.

When excluding $8 million from discontinued operations, the non-GAAP revenue was $281 million. This marks the second consecutive quarter of sequential and year-over-year revenue growth and margin expansion for the company. Revenue breakdown by region showed that the US contributed $185 million (66% of non-GAAP revenue), Europe contributed $65 million (23%), and other international markets accounted for $31 million (11%).

Despite a net loss, SolarEdge showed significant financial improvement. Its non-GAAP gross margin increased to 13.1% in Q2, up from 7.8% in Q1. The non-GAAP operating loss narrowed to $48.3 million, a considerable improvement from the $72.4 million loss reported in Q1. The non-GAAP operating expenses decreased to $85 million from $89 million in the previous quarter.

SolarEdge Technologies Inc. (NASDAQ:SEDG) together with its subsidiaries, designs, develops, manufactures, and sells direct current/DC optimized inverter systems for solar photovoltaic/PV installations in the US, Germany, the Netherlands, Italy, Europe, and internationally.

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Disclosure: None. This article is originally published at Insider Monkey.