Truist analyst Jordan Levy keeps a Hold rating and $18 price target on SolarEdge (SEDG) after meeting with its management. SolarEdge is taking continued steps to rightsize the company, reduce inventory and reintroduce innovation back into the business, but it remains too early in the turnaround story to gain confidence in upside to the current valuation level, particularly when paired with a weakening outlook for U.S. residential sector in 2025 and continued softness in the European market, the analyst tells investors in a research note.
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