SolarEdge Poised For Growth Amid Cost Cuts, While Canadian Solar Faces US Policy Headwinds: Goldman Sachs
Goldman Sachs analyst Brian Lee revised ratings for key residential solar stocks. The analyst notes there is a disconnect between the mid-to-long-term fundamentals and valuations for solar/storage equities heading into 2025.
Solar equities appear to be overpricing risks tied to policy uncertainty, even though secular growth drivers, such as U.S. power demand and pricing, remain strong.
SEDG: The analyst upgraded SolarEdge Technologies, Inc. (NASDAQ:SEDG) rating to Buy from Sell and raised the price target to $19 (from $10 prior).
After a challenging period, including a tough U.S. residential solar market and weaker European demand, the analyst notes estimates have bottomed, and concerns about SEDG’s $350 million debt in 2025 are overstated.
SEDG’s recent cost-cutting measures, including headcount and facility reductions, strengthen the outlook, adds the analyst.
Lee says that while the call may be early, he …
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