Truist analyst Jordan Levy raised the firm’s price target on SolarEdge to $400 from $380 and keeps a Buy rating on the shares as part of a broader research note previewing Q2 results for Solar companies. The firm remains bullish overall on the long-term growth outlook for U.S. residential solar as evidenced by its Resi Solar Survey, though it also sees near-term activity levels as “more clouded”, favoring names with geographic and end-market diversification. For SolarEdge, Truist notes that the company’s vast international footprint and high-growth C&I segment continue to play in the company’s favor.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on SEDG:
- Roth MKM checks suggest distributors ‘flat’ with Enphase microinverter volumes
- Early notable gainers among liquid option names on July 7th
- ENPH, RUN, SEDG: The Market Turns Sour for These Solar Stocks
- ‘The Rule of 10’: Goldman Sachs Recommends Owning S&P Stocks With Sustained 10%-Plus Sales Growth — These 2 Names Fit the Bill
- SolarEdge price target lowered to $356 from $368 at B. Riley