Truist lowered the firm’s price target on SolarEdge to $75 from $80 and keeps a Hold rating on the shares after its below-consensus Q1 guidance. The company’s margins could quickly bounce back from current levels at normalized revenues on improved leveraging of fixed and other costs, but there are too many variables on the path to a recovery for the firm to get bullish, and ultimately, the risk/reward on the stock looks balanced, the analyst tells investors in a research note.
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Read More on SEDG:
- SolarEdge price target lowered to $77 from $85 at RBC Capital
- SolarEdge price target lowered to $80 from $85 at BMO Capital
- SolarEdge sees Q1 revenue $175M-$215M, consensus $406.3M
- SolarEdge price target lowered to $77 from $105 at Piper Sandler
- SolarEdge price target lowered to $97 from $107 at Susquehanna
