SolarEdge price target lowered to $34.42 from $35.55 at GLJ Research

GLJ Research analyst Gordon Johnson lowered the firm’s price target on SolarEdge to $34.42 from $35.55 and keeps a Sell rating on the shares after speaking with a distributor of solar parts in the U.S. The firm continues to see SolarEdge as its top short idea. The recent fall-off in the company’s fundamentals is likely to worsen from here and structural in nature, the analyst tells investors in a research note.