SolarEdge Technologies (SEDG) PT Raised to $300 but Roth Capital Warns a Sell the News Event may be Coming
Get Alerts SEDG Hot Sheet
Price: $55.66 -3.8%
Rating Summary:
9 Buy, 26 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Rating Summary:
9 Buy, 26 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Join SI Premium – FREE
Roth Capital analyst Philip Shen raised the price target on SolarEdge Technologies (NASDAQ: SEDG) to $300.00 (from $191.00) when the company reports Q3 results due to the strength in the U.S. residential market and strong EU market growth. Australia has also been a source of support but the EU shutdowns could weigh on the outlook.
The analyst reiterated a Buy rating but sees a potential shock on the news, stating "Shares have risen nearly 50% this past month despite the recent ~17% pullback on broader solar supply chain risk (see here). The rapid stock rise sets up a potential sell-on-the-news event".
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- TechnipFMC (FTI) PT Raised to $30 at BTIG
- SolarEdge Technologies (SEDG) PT Lowered to $124 at B.Riley
- LG Innotek Co Ltd. (011070:KS) PT Raised to KRW250,000 at HSBC
Create E-mail Alert Related Categories
Analyst PT ChangeRelated Entities
Roth CapitalSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!