SolarEdge started at Buy at Needham on bright outlook – SolarEdge Technologies, Inc. (NASDAQ:SEDG)


SolarEdge Applied sciences (SEDG -Zero.2%) is initiated with a Purchase score and $102 value goal at Needham, the place analyst James Ricchiuti expects the solar energy elements firm to profit subsequent yr amid the “rising product roadmap and expanded provide chain exterior of China.”

Ricchiuti says SEDG has began to diversify its enterprise into adjoining markets with development potential, and he likes SEDG’s long-term technique of constructing a status as a premier good power firm.

Additionally, Roth Capital maintains its Purchase score whereas trimming its SEDG inventory value goal to $100 from $105 following information that the corporate had one in all its HD Wave patents revoked and two different claims dismissed.

Whereas the information is “positively a detrimental,” the method is a “marathon and never a dash,” Shen says.

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