Jefferies lowered the firm’s price target on SolarEdge (SEDG) to $9 from $12 and keeps an Underperform rating on the shares. The firm estimates Q1 revenue of $206M, which is in-line with consensus, but with gross margin of 6.5%, which compares to consensus at 7.3% and guidance of 6%-10%, the analyst tells investors in a preview.
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