Goldman Sachs raised the firm’s price target on SolarEdge (SEDG) to $21 from $19 and keeps a Buy rating on the shares. The company announced several initiatives that improve its outlook, the analyst tells investors in a research note. This includes safe harbor agreements to support two large residential solar financiers’ ability to secure the domestic content bonus, a sale of 45X tax credits, and a new restructuring to improve operating expense, the analyst tells investors in a research note. Goldman expects the positive developments to start 2025 to be a key focus for investors.
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