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SolarEdge price target raised to $20 from $15 at Wells Fargo

SolarEdge price target raised to $20 from $15 at Wells Fargo

Wells Fargo raised the firm’s price target on SolarEdge (SEDG) to $20 from $15 and keeps an Equal Weight rating on the shares. The firm cites a higher EBITDA forecast. While the bottom seems to be in, Wells remains cautious due to continued soft residential-solar demand and little visibility on the timing/pace of recovery.

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