TD Cowen lowered the firm’s price target on SolarEdge to $100 from $140 and keeps an Outperform rating on the shares. The firm said its 4Q revenue guide and 4Q non-GAAP gross margin guide is certainly worse than feared even after its competitor’s 4Q revenue guide down.
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Read More on SEDG:
- Guggenheim ‘gives up,’ downgrades SolarEdge to Neutral
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