SolarEdge Technologies, Inc. SEDG shares were trading higher on Friday after Citigroup and Stephens initiated coverage on the stock. Citigroup initiated coverage with a Neutral and Stephens initiated with an Overweight rating.
Stephens & Co. analyst Gail Nicholson initiated coverage on SolarEdge Technologies with an Overweight rating and announced a $336 price target.
Citigroup analyst J.B. Lowe initiated coverage on SolarEdge Technologies with a Neutral rating and announced a $300 price target.
SolarEdge Technologies together with its subsidiaries designs develops and sells direct current optimized inverter systems for solar photovoltaic installations.
SolarEdge's stock was trading about 3.88% higher at $277.64 at the time of publication.The stock has a 52-week high of $377 and a 52-week low of $127.19.
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