Wells Fargo raised the firm’s price target on SolarEdge (SEDG) to $20 from $15 and keeps an Equal Weight rating on the shares. The firm cites a higher EBITDA forecast. While the bottom seems to be in, Wells remains cautious due to continued soft residential-solar demand and little visibility on the timing/pace of recovery.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SEDG:
- Jefferies ups SolarEdge price target to $12, says market ‘may have overreacted’
- Cautious Outlook on SolarEdge Technologies: Sell Rating Amid Concerns Over Temporary Boosts and Long-term Sustainability
- SolarEdge (SEDG) Earnings Call: Mixed Outcomes and Future Growth
- SolarEdge price target raised to $20 from $17 at Roth MKM
- Walmart reports Q4 beat, Salesforce in cloud talks with Microsoft: Morning Buzz