JPMorgan analyst Mark Strouse raised his price target for SolarEdge Technologies (SEDG) to $100 from $84 citing an increased assigned multiple. The stock has outperformed year-to-date following "record results" in the first half of 2019, but further gains are likely owing to accelerating earnings growth, share gains, new product introductions, and expected further clarity regarding the company's non-solar business strategy, Strouse tells investors in a research note. Despite the outperformance, SolarEdge's valuation "still remains compelling," contends the analyst. He calls the company a stock to own within solar, along with First Solar (FSLR), and keeps an Overweight rating on the name.

After Reuters reported that a request to remove the bifacial panel exemption in the Section 201 tariff is expected to be granted by the Biden Administration, RBC Capital said that, if granted, the removal of the bifacial panel exemption would be a positive development for First Solar and solar OEMs with domestic manufacturing. The firm, which believes the removal of the exemption would be supportive of demand for domestic manufactured products and supportive of pricing, has an Outperform rating and $195 price target on First Solar shares.

DZ Bank initiated coverage of SolarEdge with a Hold rating and $62 price target.