Stock Track | SolarEdge Soars 5.12% as Multiple Analysts Raise Price Targets

Stock Track

Aug 08

SolarEdge Technologies Inc. (SEDG) saw its stock price surge 5.12% in intraday trading, following a series of price target adjustments from multiple analysts. The solar energy company's shares received a boost as several Wall Street firms reassessed their outlook on the stock.

Leading the positive sentiment, Wells Fargo significantly raised its target price for SolarEdge to $24 from $15, representing a 60% increase. This was followed by Northland Securities, which lifted its price target to $20 from $15.50, maintaining a Market Perform rating. TD Cowen also joined the bullish trend, increasing its target to $20 from $18 while keeping a Hold rating on the shares.

However, the outlook wasn't uniformly positive. Susquehanna slightly trimmed its price target to $25 from $26, although this still represents a premium to the current trading price. BMO Capital Markets also adjusted its stance, raising its target price to $16 from $11. The mixed but generally optimistic analyst revisions appear to have fueled investor confidence, driving the stock's significant intraday gain.

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(SEDG) saw its stock price surge 5.12% in intraday trading, following a series of price target adjustments from multiple analysts. The solar energy company's shares received a boost as several Wall Street firms reassessed their outlook on the stock.</p>\n\n<p>Leading the positive sentiment, Wells Fargo significantly raised its target price for SolarEdge to $24 from $15, representing a 60% increase. This was followed by Northland Securities, which lifted its price target to $20 from $15.50, maintaining a Market Perform rating. TD Cowen also joined the bullish trend, increasing its target to $20 from $18 while keeping a Hold rating on the shares.</p>\n\n<p>However, the outlook wasn't uniformly positive. Susquehanna slightly trimmed its price target to $25 from $26, although this still represents a premium to the current trading price. BMO Capital Markets also adjusted its stance, raising its target price to $16 from $11. 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(SEDG) saw its stock price surge 5.12% in intraday trading, following a series of price target adjustments from multiple analysts. The solar energy company's shares received a boost as several Wall Street firms reassessed their outlook on the stock.</p>\n\n<p>Leading the positive sentiment, Wells Fargo significantly raised its target price for SolarEdge to $24 from $15, representing a 60% increase. This was followed by Northland Securities, which lifted its price target to $20 from $15.50, maintaining a Market Perform rating. TD Cowen also joined the bullish trend, increasing its target to $20 from $18 while keeping a Hold rating on the shares.</p>\n\n<p>However, the outlook wasn't uniformly positive. Susquehanna slightly trimmed its price target to $25 from $26, although this still represents a premium to the current trading price. BMO Capital Markets also adjusted its stance, raising its target price to $16 from $11. The mixed but generally optimistic analyst revisions appear to have fueled investor confidence, driving the stock's significant intraday gain.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SEDG","symbol_name":"SolarEdge Technologies, Inc.","start_time":0,"source_url":"","article_id":"1158536198","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1158536198","pubTimestamp":1754665864,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"SolarEdge Technologies Inc. (SEDG) saw its stock price surge 5.12% in intraday trading, following a series of price target adjustments from multiple analysts. 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