SolarEdge shares are trading lower after Barclays downgraded the stock from Overweight to Equal-Weight and lowered its price target from $274 to $152.
Portfolio Pulse from Bill Haddad
Barclays has downgraded SolarEdge's stock from Overweight to Equal-Weight and reduced its price target from $274 to $152. As a result, SolarEdge shares are trading lower.
October 02, 2023 | 6:22 pm
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NEGATIVE IMPACT
SolarEdge's stock has been downgraded by Barclays from Overweight to Equal-Weight, and its price target has been reduced from $274 to $152. This has led to a decrease in the trading price of SolarEdge shares.
The downgrade by Barclays from Overweight to Equal-Weight indicates a less optimistic outlook for SolarEdge's stock. The reduction in price target from $274 to $152 also suggests that Barclays expects the stock to perform less well than previously anticipated. This news has already led to a decrease in the trading price of SolarEdge shares, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100