What's Going On with SolarEdge Technologies Stock Today?

Shares of SolarEdge Technologies Inc . (NASDAQ: SEDG ) are pulling back Friday morning as investors weigh ambitious multi-year financial targets and new AI data center initiatives against a conservative near-term revenue outlook . SolarEdge Technologies shares are under pressure. Why is SEDG stock retreating? 2029 Financial Targets and Nvidia AI Data Center Framework The steady trading follows SolarEdge’s 2026 Investor Day on Thursday, where management outlined a strategic vision to nearly double annual revenue from $1.29 billion in 2026 to $2.4 billion by 2029. The company projected 2029 earnings before interest and taxes of $360 million alongside gross margin expansion from 28% to 35%. Coinciding with the event, SolarEdge announced it is advancing an 800 VDC powertrain for AI data centers under ...