As previously reported, Jefferies upgraded SolarEdge (SEDG) to Hold from Underperform with a price target of $49, up from $30, as the Middle East conflict drives volatility in European energy prices. This current impact is mirroring the Russia-Ukraine crisis, which boosted SolarEdge’s Europe revenue to a peak of $1.9B in 2023 from $630M in 2020, notes the analyst, who expects a potential, but “not as dramatic,” demand surge in Europe to support earnings.
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