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Fly News Breaks for May 7, 2019
SEDG
May 7, 2019 | 08:11 EDT
Roth Capital analyst Philip Shen raised his price target for SolarEdge to $70 from $50, saying that while the company delivered a "modest" Q1 beat and provided a "strong" Q2 guide, he believes to be in the early innings of an upside move in the stock. Further, the analyst thinks volumes and margins will improve better than expectations over the next year given his "strong" global demand outlook and expects this to attract new investors. Shen reiterates a Buy rating on the shares.