As previously reported, JMP Securities analyst Joseph Osha upgraded SolarEdge to Outperform from Market Perform, stating that he knew the company had been taking share from European competitors, but he had underestimated how significantly share gains could contribute to revenue growth. While he said he is still not a fan of the company's diversification strategy, Osha said he was wrong to focus there at the expense of the company's core inverter business, which keeps performing extremely well. The analyst, who concluded that SolarEdge's core business is "too strong to ignore," set a $60 price target on the shares.