Roth MKM analyst Philip Shen raised the firm’s price target on SolarEdge (SEDG) to $17 from $12 and keeps a Neutral rating on the shares heading into Q4 earnings. The outlook for EU residential remains challenged and elevated rates/election results have caused much uncertainty for US residential, Roth told investors. According to the firm, Powerwall 3 remains the primary competitive risk for SolarEdge’s U.S. residential business. However, with so much bad news priced-in, Roth thinks shares could rally post earnings.
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