Mizuho Maintains Buy Rating for SolarEdge Technologies: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Mizuho has reaffirmed its Buy rating on SolarEdge Technologies (NASDAQ:SEDG) but reduced its price target from $119.00 to $106.00. Despite this adjustment, the new target suggests a potential upside of 42.97% from the current price of $74.14. SolarEdge Technologies is involved in the design, development, and sale of optimized inverter systems for solar photovoltaic installations, catering to a wide range of solar market segments.
February 22, 2024 | 5:00 pm
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Mizuho maintains a Buy rating on SolarEdge Technologies but lowers the price target from $119 to $106, suggesting a significant upside from the current price.
The maintenance of a Buy rating by Mizuho reflects continued confidence in SolarEdge Technologies' market position and growth potential, despite the reduction in price target. This adjustment might reflect market conditions or revised growth expectations but still indicates a strong upside potential. Given SolarEdge's role in the solar photovoltaic installations market, this analyst rating could positively influence investor sentiment in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100