As previously reported, Guggenheim analyst Joseph Osha downgraded SolarEdge (SEDG) to Sell from Neutral with a $5 price target. Comments from competitor Enphase Energy (ENPH) yesterday regarding the company’s business outlook in the U.S. and Europe signal additional challenges for SolarEdge, says the analyst, who also believes that consensus expectations for 2026 are “significantly too high.” The firm, which says it has believed for a while that SolarEdge’s hopes for a recovery in the European residential solar market are “unreasonable” considering the level of competitive pressure from Chinese firms, tells investors that its level of conviction on that point is “higher this morning.”
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Read More on SEDG:
- SolarEdge downgraded to Sell from Neutral at Guggenheim
- SolarEdge downgraded to Underweight from Equal Weight at Morgan Stanley
- Citi says U.S. solar duties broadly negative, except for First Solar
- U.S. puts tariffs up to 3,521% on Southeast Asia solar imports, Bloomberg says
- SolarEdge price target lowered to $14 from $19 at Canaccord