HSBC analyst Daniel Yang initiated coverage of SolarEdge Technologies with a Buy rating and $418 price target, implying 48% upside. SolarEdge is the world’s largest module level power electronics provider and is expanding into the energy storage system battery market, the analyst tells investors in a research note. The firm believes the company is in a good position to "ride the global MLPE wave" due to its dominance in optimizers and strong networks in Europe.
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