Citi analyst Vikram Bagri maintains $SolarEdge Technologies (SEDG.US)$ with a hold rating, and adjusts the target price from $31 to $19.
According to TipRanks data, the analyst has a success rate of 26.1% and a total average return of -23.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $SolarEdge Technologies (SEDG.US)$'s main analysts recently are as follows:
The firm's recent assessment suggests a more cautious outlook on SolarEdge, reflecting a reduction in expectations. The variability in the residential solar sector's guidance for the upcoming quarter may result in different performance outcomes across the sector. Attention is drawn to the absence of a post-summer recovery in the European residential solar market. The firm also notes that competition in battery storage and domestic content orders is intensifying. It is suggested that certain alternative energy companies could preferentially benefit depending on the outcome of the upcoming U.S. presidential election, with different companies favored under Democratic or Republican victories.
The downgrade of SolarEdge is attributed to weakening demand in Europe. This is expected to postpone the company's recovery in terms of volume and margins, as well as its target of achieving $550M in quarterly revenue and positive free cash flow. Additionally, the possibility of an additional capital raise and the current interim CEO situation are seen as persisting concerns.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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花旗分析师Vikram Bagri维持$SolarEdge Technologies (SEDG.US)$持有评级，并将目标价从31美元下调至19美元。
根据TipRanks数据显示，该分析师近一年总胜率为26.1%，总平均回报率为-23.7%。
此外，综合报道，$SolarEdge Technologies (SEDG.US)$近期主要分析师观点如下：
该公司最近的评估表明，对SolarEdge的前景更加谨慎，这反映了预期的降低。住宅太阳能行业对下个季度的指导方针的变化可能导致该行业的业绩结果不同。欧洲住宅太阳能市场缺乏夏后的复苏，这引起了人们的关注。该公司还指出，电池存储和国内内容订单的竞争正在加剧。有人认为，根据即将举行的美国总统大选的结果，某些替代能源公司可能会优先受益，而在民主党或共和党的胜利下，不同的公司会受到青睐。
SolarEdge的评级下调归因于欧洲需求疲软。预计这将推迟该公司在销量和利润率方面的复苏，以及其实现5.5亿美元季度收入和正自由现金流的目标。此外，额外筹集资金的可能性以及当前临时首席执行官的情况被视为持续存在的担忧。
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