Barclays analyst Christine Cho raised the firm’s price target on SolarEdge (SEDG) to $11 from $10 and keeps an Underweight rating on the shares as part of a Q1 earnings preview. As equipment comprises a third of capex for a residential installation, Barclays estimates a 10% tariff on solar equipment and a 145% tariff on lithium iron phosphate battery cells from China to increase installation costs by 20c-25c per watt. or 6%, the analyst tells investors in a research note. The firm says Enphase is more exposed to tariffs than SolarEdge due to battery cell origination.
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