SolarEdge Stock Rises 4% After Jefferies Upgrade Amid European Energy Crisis

Jefferies upgraded SolarEdge from Underperform to Hold, raising the price target from $30 to $49. European natural gas prices have surged 94% due to geopolitical tensions, prompting a shift towards solar energy solutions. SolarEdge's European sales grew from $630M in 2020 to $1.9B by 2023. Jefferies increased its revenue forecasts for 2027 and 2028 by 17% and 19%, respectively. Despite a 60% year-to-date stock increase, Jefferies refrained from a Buy recommendation due to valuation concerns.

Published Mar 21, 2026

SolarEdge shares rose about 4% following Jefferies' upgrade from Underperform to Hold, with a new price target of $49. The revision is driven by a 94% increase in European natural gas prices amid geopolitical tensions, encouraging a shift to solar solutions.

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SolarEdge's revenue in Europe grew from $630 million in 2020 to $1.9 billion in 2023. Jefferies raised its revenue projections for 2027 and 2028 by 17% and 19%. Despite a 60% increase in SEDG shares this year, Jefferies did not issue a Buy recommendation due to valuation concerns, noting 95% of shares are held by institutional investors.