Barclays analyst Christine Cho lowered the firm’s price target on SolarEdge (SEDG) to $392 from $396 and keeps an Overweight rating on the shares. The analyst expects SolarEdge to grow earnings at a faster clip than Enphase Energy (ENPH) over the next year, supported by improving gross margins and increased operating leverage tied to storage deployment. SolarEdge is "set to have a big year in 2023," the firm tells investors in a research note.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on SEDG: