Why the Sun Was Shining on SolarEdge Stock Today
SolarEdge Technologies (NASDAQ: SEDG) was a double-digit winner of a stock on Thursday. The solar energy component specialist saw its shares rise by just over 10% on the day thanks to a glowing research note from an analyst at a prominent financial services company.
That morning, Oppenheimer's (NYSE: OPY) Colin Rusch upgraded his recommendation on SolarEdge. He now believes the stock rates an outperform (read:buy) as opposed to the previous perform (neutral) rating. Rusch also set a new price target for SolarEdge at $334 per share, which is 11% higher than its current level.
Source Fool.com
