SolarEdge: SolarEdge price target lowered to $9 from $12 at Jefferies

Jefferies lowered the firm's price target on SolarEdge ( SEDG ) to $9 from $12 and keeps an Underperform rating on the shares. The firm estimates Q1 revenue of $206M, which is in-line with consensus, but with gross margin of 6.5%, which compares to consensus at 7.3% and guidance of 6%-10%, the analyst tells investors in a preview. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Published first on TheFly - the ultimate source for real-time, market-moving breaking financial news. Try Now>>