Mizuho analyst Maheep Mandloi lowered the firm’s price target on SolarEdge to $84 from $104 and keeps a Buy rating on the shares. The company’s Q2 revenue and channel inventory de-stocking cadence was slightly weaker due to lower end market demand, the analyst tells investors in a research note. The firm cites lower solar volumes and margins for the target cut.
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>>
Read More on SEDG: