UPDATE: Truist Securities Starts SolarEdge Technologies (SEDG) at Buy, Street High PT $435

January 12, 2021 6:09 AM EST
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Price: $258.71 +1.05%

Rating Summary:
    9 Buy, 10 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 13 | New: 41
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(Updated - January 12, 2021 6:23 AM EST)

Truist Securities analyst Tristan Richardson initiates coverage on SolarEdge Technologies (NASDAQ: SEDG) with a Buy rating and a price target of $435.00.

The analyst comments "We like Enphase’s long-term fundamental outlook on growth in residential solar, its core target market for its microinverter solutions. Broadly we look for ~20% annual growth in both 2021 and 2022 in the US market, which should allow ENPH to continue to sustainably grow its residential business on market expansion alone. Furthermore, we believe there is potential for further market share gains on revamped product lines (IQ8) and its battery storage offering."

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 $352.05 yesterday.

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