Piper Sandler raised the firm’s price target on SolarEdge (SEDG) to $10 from $9 and keeps an Underweight rating on the shares. The firm notes the shares rallied significantly given Q4 free cash flow and positive 2025 free cash flow commentary. Overall, Piper’s year-end 2025 cash expectation has improved. However, it still believes SolarEdge needs to raise cash to maintain appropriate liquidity post-convert repayment and remains skeptical of the earnings potential post-destock.
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