Jefferies Downgrades SolarEdge Technologies (SEDG) to Underperform
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SolarEdge Technologies (SEDG) PT Lowered to $35 at Mizuho
September 19, 2024 5:32 AM EDTMizuho analyst Maheep Mandloi lowered the price target on SolarEdge Technologies (NASDAQ: SEDG) to $35.00 (from $40.00) while maintaining a Outperform rating.
The analyst comments "We reduce SEDG PT by $5 to $35 owing to slower gross margin recovery and a lower EBITDA multiple at... More
SolarEdge stock slides as Jefferies downgrades to Underperform after RE+ event
September 17, 2024 6:06 AM EDTSolarEdge (NASDAQ: SEDG) shares declined more than 5% in premarket trading Tuesday after Jefferies analysts downgraded the stock to Underperform from Hold, citing negative takeaways from the recent RE+ clean energy event. The investment bank also lowered the price target on the stock from $27 to $17.
We had initiated on SEDG with a Hold with hopes of gaining more confidence coming out of RE+. Unfortunately, that didn't pan out, analysts led by Dushyant Ailani note.
What we heard was a... More
