Feb. 21 at 11:17 AM
$ENPH $SEDG Another sign the bottom is in for resi solar?
SolarEdge (SEDG) soared 8.41% after strong Q4 results showing 71% revenue growth and positive cash flow guidance, significantly outperforming the tech sector's 0.48% gain.
• Analyst upgrades expected: Analysts are likely to raise price targets due to improved margins and cash flow outlook, further supporting the stock's rise.
• Market context: While the broader tech sector gained 0.48%, SEDG's 8.41% surge highlights its strong performance amid market stability.
• Strong earnings report: SolarEdge reported a 71% year-over-year revenue increase to
$335.36 million and narrowed losses, boosting investor confidence.