Roth Capital analyst Philip Shen raised the firm’s price target on SolarEdge (SEDG) to $25 from $15 but keeps a Neutral rating on the shares ahead of its Q2 results. With an increasing emphasis on return rates, paybacks, and storage, as a lower-cost provider with a greater TPO mix, SolarEdge is a relative winner for US residential solar vs. Enphase (ENPH), the analyst tells investors in a research note. Roth adds however that the risk is to the downside from here as the stock is up substantially on short covering.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SEDG:
- Short Report: Grindr shorts at record highs as CFO quits before earnings
- SolarEdge should outperform following Solar Landscape deal, says RBC Capital
- SolarEdge call volume above normal and directionally bullish
- SolarEdge, Solar Landscape sign strategic agreement for technology
- Charged: Lucid Group, Uber partner on next-gen robotaxi program