On Nov 08, major Wall Street analysts update their ratings for $SolarEdge Technologies (SEDG.US)$, with price targets ranging from $9 to $23.
Morgan Stanley analyst Andrew Percoco maintains with a hold rating, and maintains the target price at $23.
Goldman Sachs analyst Brian K. Lee maintains with a sell rating, and sets the target price at $10.
J.P. Morgan analyst Mark Strouse maintains with a buy rating, and adjusts the target price from $29 to $18.
BofA Securities analyst Dimple Gosai maintains with a sell rating, and adjusts the target price from $14 to $10.
UBS analyst Jon Windham maintains with a hold rating, and adjusts the target price from $75 to $18.
Furthermore, according to the comprehensive report, the opinions of $SolarEdge Technologies (SEDG.US)$'s main analysts recently are as follows:
SolarEdge's reported Q4 revenue and subsequent guidance fell short of expectations. Following recent political events, there is an anticipation that investor attention will shift towards the most reputable companies within the alternative energy sector.
SolarEdge's current forecast is tempered by a reduction in European demand, a decline in selling prices to clear inventory, and projections of a sustained lower EBITDA margin at least until 2026. This outlook is further clouded by the potential changes in tax credits and growth prospects in the U.S. under a potential second term for President Trump. The limited insight into when demand in Europe might recover, the timeline for positive EBITDA, and current valuation assessments have contributed to a less optimistic outlook on the company's performance.
The recent guidance for Q4 indicated a miscalculation in the anticipated revenue and margin lows for SolarEdge, particularly as the European market's conditions continue to deteriorate. With a significant debt maturity approaching in September 2025 and following another quarter marked by a reduction in cash reserves, including a decline in free cash flow, the forthcoming months are crucial for the company.
The outlook for SolarEdge is being challenged by ongoing difficulties in Europe, with guidance for the fourth quarter significantly trailing behind consensus expectations.
Here are the latest investment ratings and price targets for $SolarEdge Technologies (SEDG.US)$ from 7 analysts:
Note:
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