Guggenheim upgrades SolarEdge to "neutral" [Yahoo! Finance]
GlobalFoundries Inc. (GFS)
Company Research
Source: Yahoo! Finance
SolarEdge shares were trading up 1.3% at $10.60 before the bell. Brokerage said the stock's recent decline has brought it closer to its previous $10 price target. Guggenheim now believes the stock is fairly valued at roughly 10 times its 2026 EBITDA estimate. “Although we're making some additional revisions to our model, at this point we regard the stock as fairly valued at approximately 10x our 2026 EBITDA estimate,” Guggenheim analyst wrote. As a result, Guggenheim has removed its price target for SolarEdge. SolarEdge has been facing challenges due to slower growth in the solar market, both in Europe and the United States. In Europe, excess inventory has weakened demand, while in the United States, higher interest rates and a metering reform in California have led to lower demand for solar installations. Recent political developments, particularly the Trump's proposed cuts to clean energy subsidies, have further impacted the renewable energy sector. These proposed cuts co
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