Susquehanna analyst Biju Perincheril lowered the firm’s price target on SolarEdge (SEDG) to $11 from $20 and keeps a Neutral rating on the shares. The firm said they reported 3Q results, missing on both revenue and EPS, in large part driven by a $1.03B impairment charge resulting from inventory writedowns while noting demand in Europe remains weak.
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Read More on SEDG:
- SolarEdge price target lowered to $12 from $21 at BMO Capital
- SolarEdge price target lowered to $11 from $16 at TD Cowen
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