SolarEdge Technologies (SEDG) Beats on Higher Optimizer Revenues - Roth Capital

Roth Capital analyst Philip Shen reiterated a Buy rating and $310.00 price target on SolarEdge Technologies (NASDAQ: SEDG) after the company delivered a Q2 beat/better-than-expected Q3 guide.

The analyst stated "The beat was driven largely by higher optimizer mix. Looking ahead, Q3 likely has a catchup with lower pricing, but eventually the higher optimizer mix returns with more MW sold into C&I/utility. We believe the strong Q3 guide is supported by strong international shipments with the U.S. representing only 35% of Q2 MWs. Look for the strong sequential growth and better-than-expected 2022 view for storage to drive the stock higher."

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 $257.72 yesterday.

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