SolarEdge's stock soared 6.48% intraday on Friday, following a significant price target increase from financial firm TD Cowen.
TD Cowen raised its price target on SolarEdge to $85 from $43, signaling strong bullish sentiment and driving investor interest in the solar technology company.
The target price hike represents nearly a 100% increase from the previous target, indicating analysts' confidence in SolarEdge's growth prospects and future performance.