SolarEdge price target raised to $345 from $260 at Deutsche Bank

Deutsche Bank analyst Corinne Blanchard raised the firm’s price target on SolarEdge to $345 from $260 and keeps a Hold rating on the shares as part of her Q4 solar preview. The analyst expects investors to focus on residential solar demand in the U.S. following the Inflation Reduction Act, demand growth in Europe, storage growth and adoption and the supply chain environment.