SolarEdge price target raised to $18 from $14 at Truist

Truist raised the firm’s price target on SolarEdge (SEDG) to $18 from $14 and keeps a Hold rating on the shares. Against low consensus expectations into the print and following a surprise positive Q4 free cash flow, coupled with solid Q1 guide, the stock rallied 16%, the analyst tells investors in a research note. The firm adds however that while Q4 results and commitment to positive continued free cash flow generation is likely to address the most bearish of near term outlooks however, the lack of color around safe harbor contributions in guidance amidst continued European market weakness make getting comfortable in underlying demand “more of a challenge”.