JPMorgan downgraded SolarEdge (SEDG) to Neutral from Overweight with a price target of $23, up from $18. The firm updated U.S. residential solar growth assumptions to reflect the impact from the One Big Beautiful Bill. The firm cites the stock’s significant outperformance recently for the downgrade of SolarEdge. JPMorgan still believes the company is “relatively best positioned” to gain share in the U.S. inverter space as the residential market shifts to third-party owned systems.
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