SolarEdge price target raised to $361 from $358 at JPMorgan

JPMorgan analyst Mark Strouse raised the firm’s price target on SolarEdge Technologies to $361 from $358 and keeps an Overweight rating on the shares. The company reported Q4 results and issued Q1 guidance ahead of expectations, the analyst tells investors in a research note. Given still limited supply, the firm believes any weakness in the U.S. residential market would be backfilled by shipments to Europe, limiting downside risk.