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Fly News Breaks for September 20, 2019
SEDG
Sep 20, 2019 | 07:42 EDT
Credit Suisse analyst Maheep Mandloi maintained a Neutral rating on SolarEdge and raised his price target to $80 from $70, citing optionality. In a research note to investors, Mandloi says he met with CFO Ronen Faier, who highlighted key growth areas that are expected to drive revenue growth in the long term vs. consensus estimates of $1.4B revenues in 2019, and says the utility scale solar and Kokam opportunities could alone be worth about $40 per share. The analyst says he awaits additional details on product launches and the company's ability to compete against incumbents at an analyst day in November.
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