Morgan Stanley analyst Andrew Percoco downgraded SolarEdge (SEDG) to Underweight from Equal Weight with a price target of $10, down from $18. The firm cites worsening end market demand, potential negative impacts to earnings from tariffs, and the company’s heightened exposure to potential changes to the Inflation Reduction Act for the downgrade. Additionally, SolarEdge’s “tight” liquidity position and upcoming debt maturity “requires near-perfect execution,” which is a “considerable risk given the current environment,” the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SEDG:
- Citi says U.S. solar duties broadly negative, except for First Solar
- U.S. puts tariffs up to 3,521% on Southeast Asia solar imports, Bloomberg says
- SolarEdge price target lowered to $14 from $19 at Canaccord
- SolarEdge Technologies Faces Stock Slump Amid Challenges
- Exxon, Occidental projects at risk due to DOGE cuts, WSJ reports
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue