Barclays analyst Christine Cho lowered the firm’s price target on SolarEdge to $17 from $26 and keeps an Underweight rating on the shares ahead of the Q3 report. The firm remains concerned on SolarEdge’s outlook given continued challenges and the potential need for capital to pay off the remaining convert. The company seems to have little to no room to delay the decision to ramp its U.S. manufacturing which is going to be a notable drag on cash, the analyst tells investors in a research note. Barclays finds it “difficult to get constructive” on SolarEdge.
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