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Barclays Reaffirms Their Hold Rating on SolarEdge Technologies (SEDG)

Tipranks - Fri Feb 20, 6:13AM CST

In a report released today, Christine Cho CFA from Barclays maintained a Hold rating on SolarEdge Technologies, with a price target of $39.00.

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According to TipRanks, Cho CFA is an analyst with an average return of -0.3% and a 45.33% success rate.

In addition to Barclays, SolarEdge Technologies also received a Hold from TipRanks – OpenAI’s OpenAI Solar in a report issued today. However, on the same day, Jefferies reiterated a Sell rating on SolarEdge Technologies (NASDAQ: SEDG).

Based on SolarEdge Technologies’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $340.18 million and a GAAP net loss of $50.06 million. In comparison, last year the company earned a revenue of $260.9 million and had a GAAP net loss of $1.21 billion

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