BMO Capital analyst Ameet Thakkar maintains $SolarEdge Technologies (SEDG.US)$ with a hold rating, and adjusts the target price from $24 to $21.
According to TipRanks data, the analyst has a success rate of 50.0% and a total average return of -2.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $SolarEdge Technologies (SEDG.US)$'s main analysts recently are as follows:
Concerns persist regarding SolarEdge's outlook amidst ongoing challenges and the possible requirement for capital to settle the remaining convertible debt. The company appears to have limited flexibility in postponing the expansion of its U.S. manufacturing, which is expected to significantly impact cash reserves. It's challenging to adopt a positive stance on SolarEdge given these factors.
The anticipation of third-quarter results within the Energy Transition & Infrastructure sector is occurring alongside the U.S. elections, prompting a recommendation for investors to exercise caution when considering adding to existing positions or introducing new capital. Instead, the focus should be on 'relative value'. Despite the low likelihood of a complete retraction of the Inflation Reduction Act, policy uncertainty is anticipated in the event of a political shift caused by the upcoming elections. Moreover, both data and industry commentary from the U.S. and Europe suggest a continued stagnation or minimal recovery in residential solar demand, which is crucial for driving the company's primary financial performance.
Note:
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