Scotiabank lowered the firm’s price target on SolarEdge (SEDG) to $170 from $345 and keeps a Sector Perform rating on the shares. The firm, which contends Q3 reporting season will be “very early to see major signs of inflection or improvement in the operating environment for residential solar,” is reducing estimates for some names in the group for both Q3 and Q4 on lower visibility and downgrading Enphase Energy (ENPH) due to lack of visibility into a recovery.
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