GLJ Research lowered the firm’s December 2024 price target on SolarEdge Technologies to $35.55 from $103.95 and keeps a Sell rating on the shares post the Q3 report. The firm believes the company’s fair market value is “headed materially lower” over the next 6-to-12 months. SolarEdge’s longstanding “stranglehold” on the most profitable solar inverter market in the world “is now decidedly over,” the analyst tells investors in a research note.
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