BUZZ-BofA raises PT on solar inverter maker SolarEdge Technologies
Reuters03-10
BUZZ-BofA raises PT on solar inverter maker <a href="https://laohu8.com/S/SEDG">SolarEdge</a> Technologies
** Brokerage BofA Global Research raises rating on solar inverter maker SolarEdge Technologies SEDG.O to "neutral" from "underperform"
** Raises PT to $40 from $17, implying a 15.6% upside to stock's last close
** Says co's margins, revenue trends and liquidity have steadied enough to ease downside risks, helped by its strong position in third‑party ownership solar channels
** "Margin and liquidity improvements are offset by the sharp U.S. residential decline we expect in 2026 before growth resumes in 2027+" - Brokerage
** 1 of 30 brokerages rate the stock "buy", 23 "hold" and 6 "sell" or lower; median PT is $36 - LSEG data
** As of last close, SEDG up 19.9% YTD
(Reporting by Varun Sahay in Bengaluru)
((Varun.sahay@thomsonreuters.com))
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