BofA raises rating on solar inverter maker SolarEdge Technologies to 'neutral', shares rise

Solaredge Technologies

10/03/2026 15:15

UPDATES

** BofA Global Research raises rating on solar inverter maker SolarEdge Technologies SEDG.O to "neutral" from "underperform"

** Raises PT to $40 from $17, implying 15.6% upside to stock's last close

** Shares of co up 8.3%

** Brokerage says co's margins, revenue trends and liquidity have steadied enough to ease downside risks, helped by strong position in third-party ownership solar channels

** "Margin and liquidity improvements are offset by the sharp U.S. residential decline we expect in 2026 before growth resumes in 2027+," brokerage says

** 1 of 30 brokerages rate stock "buy", 23 "hold" and 6 "sell" or lower; median PT is $36 - LSEG data

** Including session's move, SEDG up 29.43% YTD

 (Reporting by Varun Sahay in Bengaluru)

 ((Varun.sahay@thomsonreuters.com))