SolarEdge price target lowered to $15 from $20 at Roth Capital

Roth Capital lowered the firm’s price target on SolarEdge (SEDG) to $15 from $20 and keeps a Neutral rating on the shares. The company delivered a Q1 earnings beat with a strong Q2 revenue guide, and the clearing of EU channel inventory may be in sight, the analyst tells investors in a research note. With so much negativity priced into shares, the better-than-expected Q1 and Q2 outlook drove shares up as much as 17% intraday on Tuesday, the firm adds, though it remains at Neutral on the stock until execution improves with a clear path to expanding margins and the macro/policy outlook improves.