SolarEdge price target lowered to $14 from $15 at Truist

Truist lowered the firm’s price target on SolarEdge (SEDG) to $14 from $15 and keeps a Hold rating on the shares as part of a broader research note providing its 2025 outlook for our Energy Transition/Sustainability sector. The firm contends that while policy revisions and pullbacks from the Trump administration will be less punitive than currently implied by group multiples, it prefers to be “highly selective” into the first 100 days of the new government, the analyst tells investors in a research note. For the company, Truist notes given the slow recovery in U.S. residential solar market, heightened competition in EU, inventory issues, layoff, and the recent management shift, SolarEdge will need to demonstrate significant progress on its strategic initiatives in order for investors to gain better confidence in the free cash flow trajectory.