Goldman Sachs Downgrades SolarEdge Technologies (SEDG) to Sell, Saying U.S. Residential Market Share Has Peaked

June 24, 2020 5:35 PM EDT
Get Alerts SEDG Hot Sheet
Price: $238.80 --0%

Rating Summary:
    19 Buy, 8 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 3 | Down: 14 | New: 4
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(Updated - June 25, 2020 5:35 AM EDT)

(updating comment)

Goldman Sachs analyst Brian Lee downgraded SolarEdge Technologies (NASDAQ: SEDG) from Neutral to Sell with a price target of $126.00, from $120.00)

The analyst comments "Our ratings change is premised on the view that: 1) US residential market share has peaked and is now on the decline, 2) gross margin execution will remain challenged as a result of segment and geographical mix shift and thus we see downside risk to consensus expectations which appear to be embedding a sharp recovery in gross margins through 2022E to above prior peaks, and 3) shares are trading at/near all time highs and we believe the risk/reward skews negatively at these levels."

For an analyst ratings summary and ratings history on SolarEdge Technologies click here. For more ratings news on SolarEdge Technologies click here.

Shares of SolarEdge Technologies closed at $151.34 yesterday.



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