Barclays analyst Christine Cho CFA maintains $SolarEdge Technologies (SEDG.US)$ with a sell rating, and adjusts the target price from $26 to $17.
According to TipRanks data, the analyst has a success rate of 48.1% and a total average return of 0.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $SolarEdge Technologies (SEDG.US)$'s main analysts recently are as follows:
There is a lingering unease regarding SolarEdge's future due to ongoing obstacles and the impending necessity for funds to settle the remaining convertible debt. The company appears to be pressed for time in escalating its U.S. production, which is anticipated to significantly burden its cash reserves. It is challenging to adopt a positive stance on SolarEdge's prospects.
The market is displaying a sense of optimism for a potential uptick in inverter demand by 2025, starting from the first quarter of the year. However, there is a cautious stance being maintained towards these prospects. Despite prevalent concerns regarding the effective utilization of the company's financial resources, analysis suggests that SolarEdge would need to experience a significant and consistent drop in sales, alongside no enhancements in working capital and postponed realization of IRA credits, to face challenges in settling its 2025 convertible obligations or to require further fundraising efforts.
Note:
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