BMO Capital analyst Ameet Thakkar lowered the firm’s price target on SolarEdge to $285 from $368 but keeps an Outperform rating on the shares. The analyst cites the company’s softer than expected Q3 guide and cautious commentary on the balance of 2023, though the firm also believes that the stock should rebound faster than other rooftop leveraged peers.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on SEDG: