Goldman Sachs double upgraded SolarEdge (SEDG) to Buy from Sell with a price target of $19, up from $10. The firm believes estimates “are now finally bottoming” for SolarEdge, with investor fears around the company’s ability to address $350M of debt in 2025 “appearing overblown” and creating a relatively attractive risk/reward for the shares. Goldman is also further encouraged by the company’s restructuring efforts in cutting costs. SolarEdge’s “shrink-to-grow” strategy puts the company in a position to better leverage its cost structure and improve product sales mix, the analyst tells investors in a research note.
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 Technologies Appoints Shuki Nir as New CEO
- SolarEdge appoints Shuki Nir as CEO
- Commerce sets new antidumping tariff rate of 125.37% on certain solar cells
- Commerce to decide on another round of solar panel tariffs, Reuters reports
- SolarEdge price target raised to $16 from $14.50 at Canaccord