SolarEdge price target raised to $22 from $18 at UBS

UBS analyst Jon Windham raised the firm’s price target on SolarEdge (SEDG) to $22 from $18 and keeps a Neutral rating on the shares. SolarEdge’s Q4 revenue was generally in-line with expectations, though gross margin fell below, the analyst tells investors in a research note. While UBS find a troughing of demand and cost take-outs as positives, the firm is cautious due to market shares gains by Tesla (TSLA) in California and remaining inventory over-hang in Europe.