Barclays analyst Christine Cho raised the firm’s price target on SolarEdge (SEDG) to $10 from $7 and keeps an Underweight rating on the shares. After a challenging Q3 earnings season, Barclays does not expect Q4 earnings will be when sentiment turns around, “especially with the seasonal lull,” the analyst tells investors in a research note. The firm says topics on the earnings call will focus on are cost cuts, cash generation, safe harbor potential, competition, new products, and regulatory policy.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SEDG:
- Charged: Analyst moves to sidelines on Tesla, clean car credits seen at risk
- SolarEdge (SEDG) Tanks after Catching a Downgrade from Citi
- SolarEdge Expands Board with New Strategic Appointments
- SolarEdge price target lowered to $15 from $19 at Wells Fargo
- SolarEdge downgraded to Sell from Neutral at Citi