SolarEdge price target raised to $25 from $15 at Roth Capital

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.