BMO Capital raised the firm’s price target on SolarEdge (SEDG) to $16 from $11 but keeps an Underperform rating on the shares. The company’s Q2 results saw “solid progress”, even though long-term demand remains “challenging”, the analyst tells investors in a research note. The recovery is still far off and more importantly several quarters away from achieving break-even operating income, BMO added.
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:
- SolarEdge Reports Strong Q2 2025 Revenue Growth
- Balanced Outlook for SolarEdge Technologies Amid Financial Progress and Uncertainties
- Morning Movers: Apple adds to yesterday’s gains, Trump calls out Intel CEO
- Cautious Optimism: Analyzing SolarEdge Technologies’ Strong Q2 Performance Amid Future Uncertainties
- SolarEdge reports Q2 adjusted EPS (81c), consensus (84c)