B of A Securities Upgrades SolarEdge Technologies: Here's What You Need To Know

B of A Securities upgraded its rating of SolarEdge Technologies SEDG to Buy with a price target of $367.00, changing its price target from $269.00 to $367.00.

Shares of SolarEdge Technologies are trading up 4.91% over the last 24 hours, at $313.65 per share.

A move to $367.00 would account for a 17.01% increase from the current share price.

About SolarEdge Technologies

SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers. Additionally, the company has nonsolar products targeting energy storage and e-mobility.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.