SolarEdge Stock Soars After Bank of America Upgrade
SEDGSolarEdge(SEDG) Investopedia·2024-07-09 02:55

Key TakeawaysBank of America upgraded SolarEdge Technologies, saying the solar power equipment maker will be profitable next year.BofA Securities added that the recent slide in SolarEdge's share price was based on an "unlikely worst-case scenario."However, the bank cut the price target, noting that the whole solar power industry continues to struggle. SolarEdge Technologies (SEDG) shares surged in intraday trading Monday following an upgrade from Bank of America, which argued the solar power equipment maker ...