SolarEdge Technologies, Inc. (SEDG) Social Stream
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$SEDG New price targetsolarexpert, published September 24, 2020
B. Riley FBR analyst Christopher Souther initiated coverage of SolarEdge Technologies with a Buy rating and $254 price target. The analyst sees SolarEdge as the best positioned company to "address multiple end markets and geographies with improved functionality and competitive pricing on the residential side and with new products to address larger projects in the commercial and utility-scale segments." Expansion into energy storage has good visibility through 2023, says Souther, who sees the catalysts around UPS and electric vehicle product launches further expanding SolarEdge's addressable market.
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