SolarEdge Technologies, Inc. (NASDAQ:SEDG) is one of the High growth stocks to invest in now. On October 13, Susquehanna’s Charles Minervino raised the company’s price target for SolarEdge Technologies, Inc. (NASDAQ:SEDG) from $25 to $40, while maintaining a Hold rating on the stock.
The analyst noted in a research note that his company has updated price targets in the alternative energy space ahead of third-quarter earnings. This is because they remain extremely optimistic about the sector, due to favorable policies. The firm believes the sector benefits from the latest policies that preserve the tax credit and other key provisions of the Inflation Reduction Act that favor manufacturing in the sector.
Additionally, on October 16, JP Morgan’s Mark Strouse also raised his price target on SolarEdge Technologies, Inc. (NASDAQ:SEDG) from $27 to $29, while maintaining a Hold rating.
SolarEdge Technologies, Inc. (NASDAQ:SEDG) offers inverter and power optimizer solutions for solar photovoltaic systems. Its products maximize energy production at the module level and include energy storage and monitoring software.
While we recognize SEDG’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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Disclosure: None. This article was originally published in Internal jumpsuit.