Barclays lowered the firm’s price target on SolarEdge (SEDG) to $26 from $61 and keeps an Underweight rating on the shares. Despite the recent weakness, the analyst does not see catalysts in the near term that would support a more material recovery in SolarEdge shares. The firm remains concerned about the outlook of the business and continues to expect a “divergence in execution” between SolarEdge and Overweight-rated Enphase Energy (ENPH).
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