Barclays raised the firm’s price target on SolarEdge (SEDG) to $12 from $11 and keeps an Underweight rating on the shares. The firm expects the final draft of the budget reconciliation to favor solar leases over loans with respect to tax subsidies and the timing of phaseouts. On a relative basis, SolarEdge stands to benefit more than Enphase Energy (ENPH) from such changes, the analyst tells investors in a research note.
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Read More on SEDG:
- SolarEdge price target raised to $20 from $17 at UBS
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- SolarEdge price target lowered to $10 from $12 at BofA
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