Jefferies raised the firm’s price target on SolarEdge (SEDG) to $12 from $9 and keeps an Underperform rating on the shares, telling investors that the firm believes the market “may have overreacted” to the company’s results. The firm expects the stock to continue to correct itself over the next few sessions as safe-harbor contributions make the firm “question the true nature” of SolarEdge’s recovery.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SEDG:
- Cautious Outlook on SolarEdge Technologies: Sell Rating Amid Concerns Over Temporary Boosts and Long-term Sustainability
- SolarEdge (SEDG) Earnings Call: Mixed Outcomes and Future Growth
- SolarEdge price target raised to $20 from $17 at Roth MKM
- Walmart reports Q4 beat, Salesforce in cloud talks with Microsoft: Morning Buzz
- SolarEdge price target raised to $18 from $14 at Truist