BofA analyst Julien Dumoulin-Smith raised the firm’s price target on SolarEdge to $407 from $393 and keeps a Buy rating on the shares as the firm rolls forward its EV/EBITDA multiples to 2024/2025, consistent with updates across its cleantech coverage. SolarEdge remains "among our favorite long ideas among our cleantech investor base," given the strengthening operating margins ahead, says the firm, which calls IRA benefits "a free option to this diversified structural growth story."
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