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SolarEdge Technologies (SEDG) Receives a Sell from BMO Capital

Tipranks - Tipranks - Tue Apr 21, 3:54PM CDT

In a report released today, Ameet Thakkar from BMO Capital maintained a Sell rating on SolarEdge Technologies, with a price target of $35.00.

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Thakkar covers the Technology sector, focusing on stocks such as First Solar, Enphase Energy, and SolarEdge Technologies. According to TipRanks, Thakkar has an average return of -6.5% and a 50.37% success rate on recommended stocks.

In addition to BMO Capital, SolarEdge Technologies also received a Sell from Citi’s Vikram Bagri in a report issued on April 15. However, on April 16, J.P. Morgan maintained a Hold rating on SolarEdge Technologies (NASDAQ: SEDG).

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Based on SolarEdge Technologies’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $335.36 million and a GAAP net loss of $132.12 million. In comparison, last year the company earned a revenue of $170.75 million and had a GAAP net loss of $312.91 million

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