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SolarEdge Technologies (SEDG) Gets a Hold from UBS

Tipranks - Tipranks - Wed Apr 22, 6:50AM CDT

UBS analyst maintained a Hold rating on SolarEdge Technologies yesterday and set a price target of $36.00. The company’s shares closed yesterday at $39.82.

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The word on The Street in general, suggests a Hold analyst consensus rating for SolarEdge Technologies with a $37.00 average price target, which is a -7.08% downside from current levels. In a report released on April 16, J.P. Morgan also maintained a Hold rating on the stock with a $35.00 price target.

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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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