SolarEdge price target raised to $41 from $39 at Barclays

Barclays raised the firm’s price target on SolarEdge (SEDG) to $41 from $39 and keeps an Equal Weight rating on the shares ahead of the Q1 report. European solar has seen limited near-term uplift from the Iran tensions, unlike 2022’s gas-driven price shock, as current electric prices remain well below crisis peaks, the analyst tells investors in a research note. Barclays says solar demand is “still likely mild.”