SolarEdge price target lowered to $385 from $387 at BMO Capital

BMO Capital analyst Ameet Thakkar lowered the firm’s price target on SolarEdge to $385 from $387 but keeps an Outperform rating on the shares after its Q4 results. The company has made "incremental progress" as its prior headwinds around FX and supply chain constraints improved, though the buy-side "whisper numbers" on gross margins and average selling prices may have been higher, the analyst tells investors in a research note. The firm adds that SolarEdge’s strong European business and PTCs for inverter manufacturing in U.S. could drive more upside.