SolarEdge Technologies (SEDG) PT Raised to $300 but Roth Capital Warns a Sell the News Event may be Coming

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".

You May Also Be Interested In

• Norwegian Cruise Line Holdings (NYSE: NCLH) PT Raised to $20 at UBS
• Growthpoint Properties Australia Ltd (GOZ:AU) PT Lowered to AUD2.60 at JPMorgan
• Lendlease Global Commercial REIT (LREIT:SP) PT Lowered to SGD4.50 at JPMorgan