Susquehanna raised the firm’s price target on SolarEdge (SEDG) to $17 from $13 and keeps a Neutral rating on the shares. The firm said they reported 4Q results, with a beat on revenue, while EPS missed due to inventory writedowns. Demand remains soft in both Europe and the U.S. as lower power prices, high interest rates, and inflationary pressures continue to weigh on solar installations.
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Read More on SEDG:
- SolarEdge downgraded to Underperform from Market Perform at Northland
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- SolarEdge price target raised to $19 from $18 at Canaccord
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