SolarEdge Stock Falls As Analysts React To $300 Million Private Offering
SolarEdge Stock Falls As Analysts React To $300 Million Private Offering
Analysts from Goldman Sachs and Truist updated coverage on SolarEdge Technologies, Inc. (NASDAQ:SEDG) following the company's announcement of a private offering of $300 million in convertible notes.
高盛和Truist的分析師在solaredge technologies公司宣佈進行30億美元可轉換債券的私下發行後更新了對其的覆蓋。
The Details:
細節：
Both research firms noted SolarEdge significantly lowered its second-quarter free cash flow guidance in the proposed offering's filing.
兩家研究公司都注意到，Solaredge 製造業-半導體在擬議發行中的文件中明確降低了其二季度自由現金流的預期。
SolarEdge now expects negative free cash flow of $150 million for the second quarter, well-below the Street estimate of $216 million in positive free cash flow. SolarEdge cited certain discretionary minority investments, extensions of credit provided to certain customers, higher than expected working capital related to the ramp of U.S. manufacturing and a slower pace of payments on accounts receivable as reasons for negative free cash flow outlook.
Solaredge現預計在第二季度實現負自由現金流達1.5億美元，遠低於街頭預期的2.16億美元的正自由現金流。Solaredge主要因爲少數自主投資、向某些客戶提供的信貸擴展、與美國製造業升級相關的高於預期的運營資本、以及應收賬款緩慢支付的步伐等原因導致自由現金流前景急劇下滑。
Goldman Sachs maintained its Sell rating and price target of $49 on the stock, and Truist maintained SolarEdge with a Hold rating and $60 price target.
高盛維持該股票的賣出評級和49美元的目標價，而Truist則將太陽能板塊評級爲持有，並將其目標價維持在60美元。
Other analysts have updated price targets on SolarEdge following the proposed offering:
其他分析師在擬議發行後更新了Solaredge的價格目標：
- JP Morgan analyst Mark Strouse maintained SolarEdge Technologies with an Overweight rating and lowered the price target from $59 to $49.
- Scotiabank's Tristan Richardson maintained a Sector Perform rating and lowered the price target from $72 to $46.
- Canaccord Genuity maintained its Hold rating on SolarEdge and lowered the price target from $58 to $38.
- JP Morgan的分析師馬克·斯特勞斯維持了對Solaredge Technologies的超配評級，並將價格目標從59美元降至49美元。
- Scotiabank的Tristan Richardson維持板塊表現評級，並將價格目標從72美元降至46美元。
- Canaccord Genuity維持對Solaredge的持有評級，並將價格目標從58美元降至38美元。
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SEDG Price Action: According to Benzinga Pro, SolarEdge Technologies shares are down 20.4% at $26.48 at the time of publication Tuesday.
SEDG股價行爲：根據Benzinga Pro的消息，Solaredge Technologies股份在週二發佈時下跌了20.4%，股價爲26.48美元。
Image: Shutterstock
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譯文內容由第三人軟體翻譯。