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SolarEdge downgraded to Neutral from Buy at Roth MKM

Roth MKM downgraded SolarEdge Technologies to Neutral from Buy with a price target of $100, down from $280. The company last night preannounced Q3 results to the downside as management cited cancellations and pushouts by European Union distributors, the analyst tells investors in a research note. The firm expects the Europe and U.S. solar residential challenges to continue ahead. When combined with currency headwinds and the Israeli conflict, Roth is stepping aside until visibility improves.

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