Mizuho lowered the firm’s price target on SolarEdge to $35 from $40 and keeps an Outperform rating on the shares. The firm cites the company’s slower gross margin recovery and a lower EBITDA multiple for the target cut. However, the stock should benefit from SolarEdge’s revenue growth and margin uplift post channel destocking, the analyst tells investors in a research note. Mizuho believes the company’s revenue target is conservative and says positive free cash flow is likely in Q2 of 2025. It views inventory concerns as overblown.
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