Wells Fargo lowered the firm’s price target on SolarEdge to $81 from $91 and keeps an Equal Weight rating on the shares. The firm notes the company reported another weak quarter. Wells argues that SolarEdge’s discounted valuation is offset by low margins and uncertain demand.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SEDG: