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Investing.com - Jefferies has raised its price target on SolarEdge Technologies (NASDAQ:SEDG) to $33.00 from $24.00 while maintaining an Underperform rating on the stock. The new target comes as SolarEdge shares have surged 163% over the past six months, currently trading at $38.17, just below their 52-week high of $41.92. According to InvestingPro data, the company appears slightly undervalued based on its Fair Value assessment.
The firm cited improving conditions in the residential solar market, particularly for third-party owners, as a factor in its revised outlook. Jefferies also noted SolarEdge’s positioning in the commercial and industrial (C&I) segment appears compelling.
The research firm highlighted that both commercial and residential customers entering into safe harbor under the physical work test provides visibility into future growth for SolarEdge. Jefferies also acknowledged recovery in the company’s margins as noteworthy.
Jefferies mentioned SolarEdge’s collaboration with Infineon as an interesting development, though not one with near-term implications. Despite the positive factors and raised price target, the firm maintained its Underperform rating.
The firm explained that given the recent run-up in SolarEdge’s stock price, it sees a downside skew from current levels, justifying the maintained Underperform rating despite the higher price target.
In other recent news, SolarEdge Technologies Inc . reported its third-quarter 2025 earnings, surpassing Wall Street expectations. The company achieved an earnings per share (EPS) of -$0.31, which was better than the anticipated -$0.41. Additionally, SolarEdge’s revenue reached $340.21 million, exceeding the projected $330.29 million. Despite this positive earnings report, there were concerns among investors regarding future guidance and market conditions. The company’s stock experienced a pre-market decline, highlighting these apprehensions. These developments come as analysts continue to assess the company’s performance and outlook. The earnings beat indicates a stronger-than-expected performance for the quarter. Investors are closely monitoring how the company navigates upcoming challenges.
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