SolarEdge Technologies Stock Surges Amid Analyst Price Target Adjustments
SolarEdge Technologies (SEDG) saw a 9% weekly gain as four analysts revised price targets within 72 hours. Susquehanna's Biju Perincheril led with a dramatic hike to $40 from $25, followed by BMO Capital, J.P. Morgan, and Morgan Stanley with more modest increases. Despite the bullish adjustments, all analysts maintained neutral or sell ratings, tempering the rally's momentum.
The stock's recent strength stems from a trifecta of catalysts: better-than-expected Q2 earnings, declining interest rates, and favorable updates to federal energy policies. Market observers note the disconnect between raised targets and cautious recommendations reflects lingering sector uncertainty, even as macroeconomic conditions improve for renewable energy plays.