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Fly News Breaks for November 4, 2019
SEDG
Nov 4, 2019 | 08:53 EDT
Canaccord analyst Chip Moore raised his price target on SolarEdge to $88 from $78. The analyst noted while the broader solar market is experiencing the typical boom/bust dynamics that many other industrial growth sectors has, the company's differentiated power conversion and control offerings offer a clearer path toward secular improvement. that said, it could still experience volatility given its dependence on solar, risks around increased competition, and pricing pressures. Moore maintained his Buy rating on SolarEdge shares.