SolarEdge Carves Up Analyst Targets, Wins Upgrades

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...

Solar inverter maker SolarEdge (NASDAQ: SEDG) cut through analyst earnings targets like a hot Ginsu through butter last night, beating estimates by a good 20%. This morning, it's earning its reward in the form of a slew of analyst upgrades and price target hikes.

At last report, analysts had announced no fewer than three separate price target hikes for SolarEdge this morning, plus a combo upgrade-and-price-target-hike from B. Riley FBR. Here's what you need to know.

Source: Fool.com