Austin Moeller, an analyst from Canaccord Genuity, maintained the Hold rating on SolarEdge Technologies (SEDG – Research Report). The associated price target was raised to $19.00.
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Austin Moeller has given his Hold rating due to a combination of factors impacting SolarEdge Technologies. The company reported a significant year-over-year decline in both revenue and adjusted earnings per share, which, despite outperforming expectations, still indicated challenges in their financial performance. The closure of the energy storage business and associated asset write-downs contributed to margin pressure, highlighting the company’s operational difficulties.
Additionally, while SolarEdge achieved positive free cash flow ahead of schedule through the monetization of manufacturing tax credits, the company faces ongoing challenges in its key European market, where inventory levels are expected to normalize only by the end of the second quarter of 2025. Market uncertainties, particularly in the U.S., further complicate their outlook, as potential policy changes could impact demand. Given these mixed signals, Moeller’s Hold rating reflects a cautious approach, recognizing both the progress made and the uncertainties that remain.
Moeller covers the Industrials sector, focusing on stocks such as Archer Aviation, Vertical Aerospace, and Bridger Aerospace Group Holdings. According to TipRanks, Moeller has an average return of 14.0% and a 39.77% success rate on recommended stocks.
In another report released today, Morgan Stanley also upgraded the stock to a Hold with a $18.00 price target.