Goldman Sachs double upgraded SolarEdge (SEDG) to Buy from Sell with a price target of $19, up from $10. The firm believes estimates “are now finally bottoming” for SolarEdge, with investor fears around the company’s ability to address $350M of debt in 2025 “appearing overblown” and creating a relatively attractive risk/reward for the shares. Goldman is also further encouraged by the company’s restructuring efforts in cutting costs. SolarEdge’s “shrink-to-grow” strategy puts the company in a position to better leverage its cost structure and improve product sales mix, the analyst tells investors in a research note.
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