SolarEdge Downgraded by Jefferies, Citing ‘Stiff Competition' [Yahoo! Finance]
SolarEdge Technologies, Inc. (SEDG)
Last solaredge technologies, inc. earnings: 2/19 04:05 pm
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Source: Yahoo! Finance
The analysts said SolarEdge faces "significant headwinds" in Europe, as well as challenges in the U.S. Shares of SolarEdge tumbled in early trading Tuesday, before rebounding later in the session. SolarEdge Technologies ( SEDG ) shares tumbled in early trading Tuesday, before rebounding later in the session after Jefferies downgraded the stock, pointing to tough competition in the solar power industry. Jefferies analysts lowered their rating to "underperform" from "hold," and cut their price target to $17 from $23, implying close to 32% downside from Tuesday's intraday price of $22.37. "Given significant headwinds in Europe from persistently high inventory levels and Chinese competition, as well as stiff competition in US, we see more downside to the stock,” the analysts said. The analysts added they had hoped to gain more confidence in the solar power equipment maker during the RE+ clean energy event, but “unfortunately, that didn't pan out.” Instead, they found “no near-t
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SEDG
News
- SolarEdge Technologies, Inc. (NASDAQ: SEDG) had its price target lowered by analysts at Mizuho from $40.00 to $35.00. They now have an "outperform" rating on the stock.MarketBeat
- SolarEdge Technologies, Inc. (NASDAQ: SEDG) was downgraded by analysts at Jefferies Financial Group Inc. from a "hold" rating to an "underperform" rating. They now have a $17.00 price target on the stock, down previously from $27.00.MarketBeat
- RE+ North America 2024: SolarEdge Presents New Software Capabilities of SolarEdge ONE for C&I Energy Optimization PlatformBusiness Wire
- SolarEdge Unveils Next Generation All-in-One Home Solar + Storage Solution at RE+ 2024Business Wire
- SolarEdge Technologies, Inc. (NASDAQ: SEDG) is now covered by analysts at Jefferies Financial Group Inc.. They set a "hold" rating and a $27.00 price target on the stock.MarketBeat
SEDG
Earnings
- 8/7/24 - Beat
SEDG
Sec Filings
- 9/6/24 - Form 4
- 9/6/24 - Form 3
- 8/27/24 - Form 4
- SEDG's page on the SEC website