SolarEdge Targets $2.4 Billion Revenue by 2029 with Focus on Solar-Plus-Storage and AI Data Center Products
During its Investor Day event in September 2026, SolarEdge Technologies outlined an ambitious growth strategy targeting $2.4 billion in revenue by 2029. This includes $1.8 billion from core solar operations and $600 million from new AI data-center power products. The company is leveraging a large residential customer base of over four million sites—most without battery storage—and plans to expand into commercial markets while developing solid-state transformers for high-voltage AI infrastructure. SolarEdge emphasized its shift toward solar-plus-storage systems, which offer significantly higher revenue per installation compared to photovoltaic-only setups. The company also highlighted margin improvements and six consecutive quarters of year-over-year growth in both revenue and profitability. While the $1.29 billion 2026 revenue estimate is not formal guidance, it reflects a projected compound annual growth rate of 23% toward its long-term target.
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Topics: AI_data_centers revenue_target solar_energy storage_expansion