BUZZ-Jefferies raises PT for SolarEdge Technologies on its inverter business positioning

Reuters
Jul 14
BUZZ-Jefferies raises PT for <a href="https://laohu8.com/S/SEDG">SolarEdge</a> Technologies on its inverter business positioning

** Jefferies raises price target on the solar inverter maker SolarEdge Technologies's SEDG.O stock to $18 from $10

** Still, new PT represents a downside of 29.7% to the stock's last close on Friday

** Brokerage says SEDG is distinctly positioned in the inverter business with its proprietary optimized inverter-based solar systems for residential and commercial segments

** "However, we see risk to near-term revenue and margins on high inventory levels, tariff risk, and limited expansion for margins" - Jefferies

** Brokerage expects the stock to be pressured, unless there is a significant improvement in market share and volumes growth

** Mizuho also raises PT to $29 from $18; implying a 13.2% upside to stock's last close

** Only 1 among 31 brokerages rates the stock at "buy", 21 "hold" and 9 "sell" or lower; median PT is $16 - data compiled by LSEG

** Including session's moves, SEDG up 90.53% YTD

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))

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