Morgan Stanley analyst Andrew Percoco maintains $SolarEdge Technologies (SEDG.US)$ with a sell rating, and adjusts the target price from $9 to $11.
According to TipRanks data, the analyst has a success rate of 51.7% and a total average return of 11.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $SolarEdge Technologies (SEDG.US)$'s main analysts recently are as follows:
SolarEdge faces significant challenges including tight liquidity, a challenging earnings outlook, and heightened competition. Analysts suggest that utility-scale companies might be better poised, owing to more attainable consensus estimates and sturdier financial health. There is a noted cautious stance on the residential solar sector, primarily because of its heavy reliance on incentives and relatively weaker financial resilience.
The headcount reduction and several critical strategic agreements at SolarEdge have slightly improved the outlook for the company's shares. Despite this, there are still some risks to its turnaround story. Nonetheless, recent strategic initiatives by the company are seen as 'steps in the right direction'.
SolarEdge has unveiled various new initiatives expected to enhance its financial outlook. This involves safe harbor agreements intended to aid two major residential solar financiers in capitalizing on the domestic content bonus, the sale of 45X tax credits, and an organizational restructuring aimed at reducing operating expenses. These developments are projected to become significant points of interest for investors starting in 2025.
Note:
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