Roth MKM lowered the firm’s price target on SolarEdge to $76 from $80 and keeps a Neutral rating on the shares. The company delivered a “mixed” Q4 and a “challenged” Q1 that may leave the longs disappointed and shorts may emboldened,the analyst tells investors in a research note. SolarEdge looks to be in a tough situation given the “tremendous” levels of inventory in the channel and on its balance sheet in both the EU and the U.S., the firm added.
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