SolarEdge Technologies (SEDG) PT Raised to $355 at BMO Capital After Meetings with CFO Ronen Faier

BMO Capital analyst Ameet Thakkar raised the price target on SolarEdge Technologies (NASDAQ: SEDG) to $355.00 (from $315.00) while maintaining an Outperform rating following an NDR.

The analyst commented, "We hosted SEDG’s CFO Ronen Faier for investor meetings in New York November 17, 2022. We came away incrementally more positive on what we see as an attractive combination of exposure to a transformational period in European Energy Markets driven by demand and leverage to a burgeoning U.S. solar manufacturing renaissance where we have yet (and same for consensus) adjusted for IRA PTC upside. SEDG remains our top pick in broader Energy Transition Sector. Reiterate Outperform rating and raise target price to $355 on improved multiples in clean energy sector."

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