Jefferies sees SolarEdge to be impacted by tariffs pressure

Solaredge Technologies

15/04/2025 13:38

** Jefferies cuts price target on solar inverter maker SolarEdge Technologies SEDG.O to $9 from $12

** SEDG down 1% at $13.80 premarket

** New price target represents a 35.3% downside to stock's last close

** Brokerage says backdrop on residential sector remains cautious as focus has shifted from the Inflation Reduction Act (IRA) to tariffs

** Jefferies sees gross margin to be pressured given the tariff exposure as SEDG has manufacturing facilities in Israel, Italy, South Korea and Vietnam, and relies on China for certain "key" components

** 2 of 33 brokerages rate stock "buy" or higher, 22 "hold" and 9 "sell" or lower; median PT is $16 - data compiled by LSEG

** Up to last close, stock was down 6% YTD

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))