RBC Capital analyst Chris Dendrinos maintains $SolarEdge Technologies (SEDG.US)$ with a hold rating, and adjusts the target price from $35 to $25.
According to TipRanks data, the analyst has a success rate of 43.6% and a total average return of 9.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $SolarEdge Technologies (SEDG.US)$'s main analysts recently are as follows:
The projection for SolarEdge's earnings has been adjusted downwards for FY25 and FY26 due to a more cautious view on demand and alterations in assumptions regarding average selling prices. While SolarEdge continues to have a strong position with installers for increased adoption, there may be short-term competitive challenges from Tesla if the adoption of Tesla's Powerwall 3 outpaces the scaling of SolarEdge's domestic battery production.
The anticipation of third-quarter results within the Energy Transition & Infrastructure sector has been met with a recommendation for investors to proceed with caution, especially considering the timing of the U.S. elections. Investors are advised to prioritize 'relative value' instead of increasing their stakes or introducing new capital. Despite the low likelihood of the Inflation Reduction Act being fully repealed, policy uncertainty is expected to arise if there is a change in political leadership. Additionally, observations and discussions from both the U.S. and European markets suggest a continued stagnation in residential solar demand, which is crucial for the company's revenue growth.
Note:
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