Roth Capital raised the firm’s price target on SolarEdge (SEDG) to $40 from $25 and keeps a Neutral rating on the shares. The firm notes the company delivered a Q3 beat/mixed Q4 guide. Shares were down about 20% premarket but traded up 30% intraday. The reversal and strength were driven primarily by a better-than-expected margin outlook that, in Roth’s view, could sustain through 2026 and an announcement that SolarEdge plans to partner with Infineon (IFNNY) to serve DC-based datacenter infrastructure. While U.S. residential could be weak in 2026 due to 25D, C&I and international may be sources of strength, the firm adds.
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