Susquehanna Downgrades SolarEdge Technologies to Neutral, Lowers Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Biju Perincheril downgrades SolarEdge Technologies (SEDG) from Positive to Neutral and lowers the price target from $92 to $56.

May 13, 2024 | 11:41 am
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NEGATIVE IMPACT
Susquehanna downgraded SolarEdge Technologies from Positive to Neutral and reduced the price target significantly from $92 to $56.
The downgrade by a prominent analyst and a significant reduction in the price target are likely to negatively impact investor sentiment and could lead to a short-term decrease in SEDG's stock price. Analyst ratings and price targets are closely watched by investors as indicators of a stock's future performance. A downgrade, especially with a substantial cut in the price target, typically leads to a loss of investor confidence and can result in a sell-off.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100