SolarEdge price target lowered to $305 from $365 at Susquehanna

Susquehanna analyst Biju Perincheril lowered the firm’s price target on SolarEdge to $305 from $365 and keeps a Positive rating on the shares. The firm said they reported better than expected earnings, while revenue was in-line with the firm’s estimates. 3Q revenue and margin guides were cut, as an inventory buildup will take a few quarters to work through and elevated air shipments for three-phase inverters pressure margins.