Northland analyst Gus Richard downgraded SolarEdge (SEDG) to Underperform from Market Perform with an unchanged price target of $15.50. Shares are “up a lot” since April 25 with the company in the midst of a turnaround in a difficult macro environment with uncertainty in U.S. tax policy as well as tariff uncertainty, notes the analyst. While tariff risk is diminished, it has “not gone way,” adds the analyst, who lowered the firm’s rating due to valuation.
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