Reported 1 day ago
UBS has raised the price target for SolarEdge Technologies (SEDG) to $30 from $20, reaffirming its 'Neutral' rating. This adjustment follows a year-to-date stock rally of over 100%, reflecting confidence in SolarEdge's potential to capture market share in the US residential inverter sector. The company's strong relationships with third-party ownership partners and innovations tailored for the TPO model are expected to bolster its industry position, particularly amid the shifting dynamics in commercial and industrial segments.
Source: YAHOO