Why These 2 Analysts Like SolarEdge Technologies

Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...

For the second time in three trading days, shares of solar-inverter maker SolarEdge Technologies (NASDAQ: SEDG) are winning praise on Wall Street. Last week, it was Needham & Co. doubling down on its existing buy rating on SolarEdge, and adding a new and improved price target of $25 to the stock. This morning, Oppenheimer & Co. followed suit, assigning a $25 price target of its own and upgrading its rating to outperform.

Now here are three more things you need to know.

Source: Fool.com