SolarEdge pullback a buying opportunity, Roth Capital says
SolarEdge Technolgies (SEDG +4.5%) is on the bounce back as Roth Capital says it sees the stock’s two-day 15% pullback as a purchasing opportunity, repeating a Buy suggestion and $70 value target.
Roth investigator Philip Shen accuses the sharp decrease for recharged desires that a dispatch of an adversary offering from Huawei is fast approaching, however says the “larger part” of Huawei inverters sold in the Europena Union are without analyzers.
Shen additionally says his current checks propose U.S. merchants have “next to zero mindfulness” of a Huawei dispatch.
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