Roth MKM lowered the firm’s price target on SolarEdge to $60 from $76 and keeps a Neutral rating on the shares ahead of its Q1 results. Investors will likely be focused on the company’s channel inventory and the timing of normalized revenue of $625M and 30-32% margins, and while the management believes there is a path to hit these levels in the second half of the year, investors have low confidence, the analyst tells investors in a research note. The firm adds that it does not see a full recovery until 2025.
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