SolarEdge Technologies (SEDG) PT Lowered to $77 at Goldman Sachs

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Go back to SolarEdge Technologies (SEDG) PT Lowered to $77 at Goldman Sachs

Citi Downgrades SolarEdge Technologies (SEDG) to Neutral

November 2, 2023 9:41 AM EDT

Citi analyst Vikram Bagri downgraded SolarEdge Technologies (NASDAQ: SEDG) from Buy to Neutral with a price target of $77.00 (from $187.00).

The analyst comments "We are downgrading SEDG to Neutral/High Risk. Though we expected this to be a rough quarter for SEDG and... More

SolarEdge Technologies (SEDG) tumbles as slow market environment impacts Q3

November 2, 2023 9:34 AM EDT

SolarEdge Technologies (NASDAQ: SEDG) shares plunged Thursday after the company's third-quarter earnings and revenue missed consensus expectations.

At the time of writing, SEDG shares are down around 15%, trading below the $65 per share mark.

The company posted Q3 EPS of $0.55 after the close on Wednesday, $0.28 worse than the analyst estimate of $0.83, while revenue for the quarter came in at $725.31 million, down 27% QoQ and... More