JPMorgan lowered the firm’s price target on SolarEdge (SEDG) to $18 from $20 and keeps an Overweight rating on the shares. The company reported Q1 results from continuing operations slightly ahead of expectations, the analyst tells investors in a research note. The firm says SolarEdge now expects free cash flow to be breakeven during fiscal 2025, down from prior guidance of positive, driven by tariffs. However, JPMorgan still believes the company is positioned to repay the expiring convert in September with cash on hand.
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