SolarEdge price target lowered to $13 from $25 at Susquehanna

Susquehanna lowered the firm’s price target on SolarEdge to $13 from $25 and keeps a Neutral rating on the shares. The firm said 2Q revenue came in slightly higher than expected, while EPS missed. Channel inventory remains elevated in both the U.S. and Europe, with the company expecting normalized levels by 3Q in the U.S. but not until 2Q’25 in Europe.