SolarEdge Technologies’ Shares Are Trading At 5-Year Lows: Analyst Expects ‘Return To Profitability’ In 2025
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Shares of SolarEdge Technologies Inc (NASDAQ:SEDG) spiked in early trading on Monday, after plummeting over the past month on the company’s announcement of a $300 million private offering.
The stock is trading at five-year lows, following the second-quarter guidance miss, underperforming Enphase Energy Inc (NASDAQ:ENPH) and its solar peers by around 50% year to date, according to BofA Securities.
The SolarEdge Technologies Analyst: Dimple Gosai upgrades the rating from Underperform to Neutral, while slashing the price target from $44 to $29.
The SolarEdge Technologies Thesis: Following the recent pullback, the stock is pricing in a worst-case scenario …
Full story available on Benzinga.com
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