Barclays raised the firm’s price target on SolarEdge (SEDG) to $36 from $29 and keeps an Equal Weight rating on the shares as part of a Q3 earnings preview. SolarEdge’s estimates have some upside potential, especially if the company can take back share from Tesla (TSLA), the analyst tells investors in a research note. Barclays sees the company hitting Q3 consensus estimates.
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:
- Trump Trade: U.S. could cancel additional $12B in clean energy funding
- Trump weighs canceling additional $12B in clean energy funding, Semafor says
- SolarEdge put volume heavy and directionally bearish
- SolarEdge Board Member Nadav Zafrir Resigns
- SolarEdge price target raised to $27 from $23 at JPMorgan