Mizuho analyst Maheep Mandloi raised the firm’s price target on SolarEdge (SEDG) to $15 from $12 and keeps a Neutral rating on the shares. The firm cites the company’s higher margin, 45X credits, and safe harbor revenues for the target increase following the earnings report. However, the analyst ultimately sees competition limiting SolarEdge’s ability to quickly regain its prior profitability.
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