BofA raised the firm’s price target on SolarEdge to $31 from $29 and keeps a Neutral rating on the shares. The European market continues to face substantial inventory headwinds, compounded by weaker end-demand in the U.S., says the analyst, who notes that the firm recently upgraded SolarEdge shares on the view that the stock appears to be more fairly valued amidst a challenged market.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SEDG:
- SolarEdge price target raised to $50 from $49 at JPMorgan
- SolarEdge Technologies (NASDAQ:SEDG) Tanks 15% after Announcing Job Cuts
- What You Missed This Week in EVs and Clean Energy
- SolarEdge sends letter to employees, to reduce workforce by 400
- SolarEdge call volume above normal and directionally bullish