Roth MKM analyst Philip Shen maintains $SolarEdge Technologies (SEDG.US)$ with a hold rating, and adjusts the target price from $27 to $20.
According to TipRanks data, the analyst has a success rate of 40.1% and a total average return of 6.5% 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 analyst notes that within the residential solar sector, varying levels of caution in the provided guidance for the quarter may result in differing company performances. They highlight that the anticipated post-summer recovery in European residential solar has not materialized, suggesting this as a key point of interest. Furthermore, it's suggested that battery storage and domestic content orders could emerge as critical areas of competition. Preferences for alternative energy stocks may shift in response to the political landscape, with certain companies poised to benefit depending on the outcome of the upcoming November elections.
SolarEdge's demand challenges in Europe are cited as factors that may hinder the company's recovery in volume and margins. These issues could also affect the company's progress towards achieving $550M in quarterly revenue and positive free cash flow. Additional concerns include the possibility of a capital raise and uncertainty surrounding the interim CEO position.
Note:
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