UBS analyst Jon Windham maintains $SolarEdge Technologies (SEDG.US)$ with a hold rating, and adjusts the target price from $75 to $18.
According to TipRanks data, the analyst has a success rate of 52.1% and a total average return of 8.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $SolarEdge Technologies (SEDG.US)$'s main analysts recently are as follows:
SolarEdge's fourth-quarter revenue and subsequent guidance fell short of expectations. Post the U.S. election, it is anticipated that investors will shift their attention towards the most reputable companies within the alternative energy sector.
The outlook for SolarEdge is being challenged by the European market, with expectations for the fourth quarter falling significantly short of the consensus.
SolarEdge's recent performance has been influenced by several factors including diminished demand in Europe, reduced selling prices, and projections of a lower EBITDA margin at least through 2026. Additionally, there is uncertainty regarding the continuation of tax credits and growth prospects in the U.S. market. The limited insight into when European demand might recover, the timeline for positive EBITDA, and the current valuation were noted as reasons for concern.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
