Why This SolarEdge Analyst Is Cutting Estimates Ahead Of Q3 Earnings
SolarEdge(SEDG) Benzinga·2024-10-23 23:56
SolarEdge Technologies Inc SEDG shares have lost more than 80% year to date.Estimates for the company have been lowered following the release of Enphase Energy Inc's ENPH third-quarter results, according to JPMorgan.Analyst Mark Strouse maintained an Overweight rating for SolarEdge Technologies while lowering the price target from $35 to $29.The SolarEdge Technologies Thesis: Enphase Energy's quarterly results reflect weaker-than-expected demand in Europe for solar and storage, Strouse said in the note.Chec ...