SolarEdge initiated with a Hold at Deutsche Bank

Deutsche Bank analyst Corinne Blanchard initiated coverage of SolarEdge with a Hold rating and $260 price target. The analyst’s bullish outlook on the solar group is "underpinned by considerable growth opportunities" for the U.S. residential market and the "most powerful and positive regulatory environment the industry has ever seen." However, she expects margin pressure for SolarEdge on overall supply chain issues. Business execution and cost control are key into 2023, Blanchard tells investors in a research note.