William Blair analyst Jed Dorsheimer has maintained their neutral stance on SEDG stock, giving a Hold rating on October 23.
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Jed Dorsheimer has given his Hold rating due to a combination of factors surrounding SolarEdge Technologies’ recent financial performance. The company reported third-quarter results that were largely in line with expectations on the revenue side, while their earnings exceeded both the analyst’s and the broader market’s forecasts. Despite this positive earnings surprise, the outlook for the fourth quarter presented some concerns.
SolarEdge’s guidance for fourth-quarter revenue fell short of both the analyst’s and the market’s expectations, which likely contributed to the stock’s downward movement. However, the company’s gross margin guidance was notably better than anticipated, which may provide some support to the stock. These mixed signals, with strong earnings but weaker revenue projections, underpin the decision to maintain a Hold rating, suggesting a wait-and-see approach as the company navigates these challenges.
Dorsheimer covers the Technology sector, focusing on stocks such as SolarEdge Technologies, STMicroelectronics, and Axcelis Technologies. According to TipRanks, Dorsheimer has an average return of 31.6% and a 53.21% success rate on recommended stocks.
In another report released on October 23, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $39.00 price target.