SolarEdge price target lowered to $90 from $93 at Scotiabank

Scotiabank analyst Tristan Richardson lowered the firm’s price target on SolarEdge to $90 from $93 and keeps a Sector Perform rating on the shares following the Q4 report. With minimal signs of demand recovery, SolarEdge’s cost measures and inventory clearing efforts appear necessary and critical until the market for residential products shows signs of demand improvement, the analyst tells investors in a research note.