Reported about 1 year ago
In 2024, SolarEdge (SEDG) witnessed a 70% drop in its stock price, prompting Bank of America Securities to upgrade it from Underperform to Neutral. Analysts express concerns over inventory write-downs, weak demand, and balance sheet challenges. Despite this, there is optimism for a potential rebound if underlying trends reverse, with analysts closely monitoring factors like balance sheet improvements, demand growth, and execution of tax credits in the solar industry. Overall, the stock is deemed oversold, with uncertainty surrounding when the downturn may be reversed.
Source: YAHOO