KeyBanc analyst Sophie Karp initiated coverage of SolarEdge Technologies with a Sector Weight rating and no price target. The analyst likes SolarEdge’s "strong positioning" in the U.S. market and diversified international growth opportunities. However, following the stock’s recent outperformance, these strengths are reflected in the company’s valuation, the firm contends. It believes SolarEdge is close to fairly valued.
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Published first on TheFly
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