SolarEdge (SEDG) Shares Jump After TD Cowen Doubles Price Target to $85

On May 29, 2026, shares of SolarEdge Technologies (NASDAQ:SEDG) closed up 4.1% to $76.30 after TD Cowen nearly doubled its price target to $85 from $43, while reiterating a Buy rating. The analyst cited optimism following management meetings, noting strong progress on the SST product and encouraging partner feedback. TD Cowen also highlighted that the forthcoming Nexis product launch could expand market share. The upgrade lifted SolarEdge to a new 52-week high, extending year-to-date gains to about 142%. Separately, the company recently bolstered its innovation pipeline with a new R&D center in Bengaluru, India.