Goldman Sachs downgraded SolarEdge (SEDG) to Neutral from Buy with a $27 price target as part of a broader research note on Solar. The firm is “reassessing” its outlook for residential solar coverage after the recent policy changes passed as part of the budget bill and believes that these changes are likely to meaningfully weigh on residential solar demand, the analyst tells investors in a research note. The impact is expected in the near-term given the expiration of individual tax credits starting in 2026, and more importantly, beyond 2028 as the market calibrates to the new policy environment and economic reality of residential solar excluding the benefits of tax credits, the firm added.
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