Daiwa analyst Jonathan Kees initiated coverage of SolarEdge with a Neutral rating and $325 price target. The company has been delivering negative profit margins recently and a snap-back to pre-COVID levels is likely more challenging than peers, Kees tells investors. SolarEdge is losing market share in the U.S. duopoly, facing Chinese competitors in Asia markets, and already has a large base internationally, so growth there "may be more measured," Kees added.
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