Roth MKM lowered the firm’s price target on SolarEdge (SEDG) to $12 from $20 and keeps a Neutral rating on the shares. The firm cites the company’s “meaningful” Q3 earnings miss while noting that given the uncertainty around the E.U. market, Tesla’s (TSLA) PowerWall 3 in the U.S., and balance sheet risk, it expects shares to remain challenged, the analyst tells investors in a research note.
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Read More on SEDG:
- SolarEdge price target lowered to $11 from $20 at Susquehanna
- SolarEdge price target lowered to $12 from $21 at BMO Capital
- SolarEdge price target lowered to $11 from $16 at TD Cowen
- SolarEdge downgraded to Underweight from Neutral at Piper Sandler
- SolarEdge Technologies Faces Significant Financial Challenges