SolarEdge Technologies (SEDG) PT Raised to $210 at Northland Capital Markets

February 17, 2021 6:48 AM EST
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Price: $259.50 +0.31%

Rating Summary:
    9 Buy, 10 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 20 | New: 67
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Northland Capital Markets analyst Gus Richard raised the price target on SolarEdge Technologies (NASDAQ: SEDG) to $210.00 (from $195.00) while maintaining a Underperform rating.

The analyst comments "SEDG missed our non-GAAP GM and OM estimates. Non-GAAP earnings upside was driven by intercompany loan GAAP to non-GAAP adjustment. Its solar business continues to underperform ENPH's. While battery and emobility acquisitions are met with investor enthusiasm, they will create GM and OP headwinds over the next couple of years. GMs of these businesses are indicative of commodities. We maintain UP and increase our PT to $210 PT as we roll forward our estimates to CY22."

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