SolarEdge Technologies (SEDG) Tops Q1 EPS by 96c
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Deutsche Bank Upgrades SolarEdge Technologies (SEDG) to Buy, 'previous concerns on costs have faded'
May 4, 2023 4:06 PM EDTDeutsche Bank analyst Corinne Blanchard upgraded SolarEdge Technologies (NASDAQ: SEDG) from Hold to Buy with a price target of $375.00 (from $305.00).
The analyst comments "We upgrade SolarEdge to BUY rating (PT $375, 30% upside). We are increasingly constructive on the name, given previous concerns around cost... More
Wall Street analysts positive on SolarEdge Technologies (SEDG) following earnings beat
May 4, 2023 10:58 AM EDTSolarEdge Technologies (NASDAQ: SEDG) shares jumped more than 8% Thursday on the back of its latest earnings release, which saw it beat top and bottom line estimates.
The company reported Q1 EPS of $2.90, $0.96 better than the analyst estimate of $1.94, while revenue for the quarter came in at $943.9 million versus the consensus estimate of $932.83 million.
Shares of SolarEdge are currently trading at just under... More
