Canaccord raised the firm’s price target on SolarEdge (SEDG) to $19 from $18 and keeps a Hold rating on the shares. The firm noted management said 2025 will be a transition year as its Q4 results represent a step in the right direction toward eventual profitability and meaningful free cash flow generation.
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:
- SolarEdge upgraded to Equal Weight from Underweight at Morgan Stanley
- SolarEdge Technologies: Hold Rating Amid Margin Pressures and Strategic Optimism
- SolarEdge downgraded to Underperform from Market Perform at BMO Capital
- SolarEdge Reveals 2024 Financial Challenges and Future Outlook
- SolarEdge Technologies: Balancing Financial Gains with Uncertainties Amidst Hold Rating