SolarEdge Technologies (SEDG) PT Raised to $30 at Canaccord Genuity on 2Q Report; 'Record Sales Driven by Strong Shipments'
Canaccord Genuity raised its price target on SolarEdge Technologies (NASDAQ: SEDG) to $30.00 (from $25.00) while maintaining a Buy rating, following the company's second quarter earnings report.
Analyst John Quealy notes the company delivered second quarter earnings per share and sales above expectations, fueled by strong shipments and robust growth in Germany and Netherlands, as management continues to improve its competitive position via new product innovation.