Barclays upgraded SolarEdge (SEDG) to Equal Weight from Underweight with a price target of $29, up from $12. The firm believes the One Big Beautiful Bill creates an “uneven playing field “for loans and cash in solar versus leases, resulting in diverging outlooks for SolarEdge and Enphase (ENPH). Barclays now expects SolarEdge to see 20% sales growth while Enphase experiences double-digit declines. SolarEdge is positioned to grow despite a decline in overall market demand due to normalization of the channel in Europe and market share gains in the U.S. and Europe, the analyst tells investors in a research note.
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