BMO Capital Reiterates Underperform Rating on SolarEdge Technologies (SEDG)

BMO Capital analyst Ameet Thakkar reiterated an Underperform rating and $14.00 price target on SolarEdge Technologies (NASDAQ: SEDG).

The analyst comments "Low bar heading into SEDG 1Q earnings given recent results and quarterly guidance in the midst of a long and painful de-stock. Encouraged to see new management team making some progress in right-sizing opex as our current Underperform rating reflects our view that positive EBITDA remains several quarters away. 2Q guidance better than we expected even with -200bps from tariffs, but company now expecting breakeven FCF compared to positive before which leaves little cash cushion post 3Q maturity. Cautious on overall residential solar ecosystem and maintain our Underperform rating."

For an analyst ratings summary and ratings history on SolarEdge Technologies click here. For more ratings news on SolarEdge Technologies click here.

Shares of SolarEdge Technologies closed at $14.37 yesterday.

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