RBC Capital reiterated a Sector Perform rating and $22 price target on SolarEdge (SEDG), saying the firm believes shares should outperform following the roughly 630 MW transaction with Solar Landscape. The transaction is significant and as a point of comparison, equates to over 50% of the total volume SolarEdge shipped in North America last year and roughly 30% of the total U.S. commercial volume installed last year, the analyst tells investors in a research note. The move marks a significant opportunity for SolarEdge, the analyst adds.
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