Home » Technology » SolarEdge: Technology Poised for Outsized Growth – Stock Analysis (The Shareholder)

SolarEdge: Technology Poised for Outsized Growth – Stock Analysis (The Shareholder)

Kulmbach (www.aktiencheck.de) – SolarEdge stock analysis by “Der Aktionär”:

According to Thomas Bergmann from the investor magazine “Der Aktionär”, the shares of SolarEdge Technologies Inc. (ISIN: US83417M1045, WKN: A14QVM, ticker symbol: 2ED, NASDAQ symbol: SEDG) are a basic investment in the solar sector in the long term.

SolarEdge and JinkoSolar shares would gain sharply on Thursday. The former benefited from an upgrade from Oppenheimer. JinkoSolar rides the wave of success. In addition, both papers would provide technical buy signals that speak for an engagement.

According to Oppenheimer, SolarEdge offers a technology that is about to grow exponentially. The company, which makes systems to get more energy out of solar panels, is seeing growing demand and offering stable margins. “We believe the global solar industry will grow three to fivefold over the next decade and that SolarEdge will be a key beneficiary,” the analysts said. They therefore raised their rating from “Market Perform” to “Outperform” and assigned a target price of $334.

Due to the rise on Thursday, the share also generated a buy signal when it broke the 200-day line.

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