UBS lowered the firm’s price target on SolarEdge (SEDG) to $18 from $26 and keeps a Neutral rating on the shares. The company reported Q4 revenue and provided Q4 revenue guidance below expectations, the analyst tells investors in a research note. Following the U.S. election, the firm expects investor focus will be on the highest quality names in alternative energy.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SEDG:
- Enphase (NASDAQ:ENPH) Continues Falling after Jefferies Downgrades Stock
- SolarEdge price target lowered to $15 from $20 at Truist
- Qualcomm, Moderna report quarterly beats: Morning Buzz
- SolarEdge downgraded to Neutral from Outperform at Mizuho
- SolarEdge price target lowered to $12 from $20 at Roth MKM