JMP Securities Downgrades SolarEdge Technologies (SEDG) to Market Underperform

JMP Securities analyst Joseph Osha downgraded SolarEdge Technologies (NASDAQ: SEDG) from Market Perform to Market Underperform with a price target of $31.00.

The analyst comments "...our revised estimates are not far from consensus, so forecasting a surprise is not the basis for our changed recommendation. Rather, we believe it may be difficult for the stock to sustain its current valuation given the likelihood that EBITDA and earnings decline YoY in 2019. SEDG’s management faces several challenges this year which we believe investors need to take into account."

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 $37.35 yesterday.

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