Wells Fargo lowered the firm’s price target on SolarEdge (SEDG) to $15 from $19 to reflect lower gross margins partly due to tariffs, while keeping an Equal Weight rating on the shares. The firm believes SolarEdge has turned a corner, but stays on the sidelines as the pace of revenue/gross margin recovery is unclear given soft residential solar demand and IRA/tariff risk.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SEDG:
- Sell Rating for SolarEdge Technologies Amid Margin Pressures and Market Uncertainties
- Cautious Hold Rating on SolarEdge Amid Market Challenges and Uncertainty
- SolarEdge Technologies Reports Q1 2025 Financial Results
- SolarEdge Earnings Call: Growth Amidst Tariff Challenges
- SolarEdge Technologies: Balancing Positive Cash Flow and Revenue Growth with Pricing and Margin Challenges