SolarEdge price target lowered to $20 from $28 at Truist

Truist analyst Jordan Levy lowered the firm’s price target on SolarEdge to $20 from $28 and keeps a Hold rating on the shares after its wider than expected Q2 loss. Muted volumes from weak U.S. residential business and continued overhangs on European inventory levels alongside SolarEdge’s relatively high fixed cost structure have again moved the bar lower for near-term/2025 expectations, the analyst tells investors in a research note.