Roth Capital Expects In-Line Results From SolarEdge Technologies (SEDG) 1Q16

Roth Capital reiterated a Buy rating on SolarEdge Technologies (NASDAQ: SEDG), and cut the price target to $25.00 (from $40.00), ahead of the company's 1Q16 earnings results. Analyst Philip Shen expects results to be reported in-line, or better, than expectations. SEDG will report FQ1'16 results after market on November 4th. It appears some competitors may be taking back some share in the U.S. residential inverter segment by using price.

Shen commented, "In recent months, it appears some competitors may be taking back some share in the U.S. residential inverter segment by using price. Investor focus, in our view, will likely be on whether or not SEDG maintains price discipline. Additionally, we believe investors will be interested in an update on how quickly the company can take cost out. We will revisit our estimates and rating following results on November 4th. Lowering PT to $25 from $40 on ASP uncertainty."

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 $18.49 yesterday.

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