BUZZ-SolarEdge jumps as brokerages hike PT after layoff plan

Reuters

01-08

BUZZ-SolarEdge jumps as brokerages hike PT after layoff plan

** Shares of solar inverter maker SolarEdge Technologies SEDG.O jump 11.6% to $18.17, on course for their fifth consecutive session of gains

** Multiple brokerages hike price targets on SolarEdge after company said on Monday it would layoff 400 employees globally

** Company says it expects to save about $9 mln to $11 mln due to the actions

** Morgan Stanley raises stock PT to $11 from $9

** Wells Fargo hikes PT to $19 from $15, after revising 2025 EBITDA estimates to a loss of $83 mln from $89 mln previously

** Wells Fargo says EBITDA should turn positive in Q3 2025

** Stock rose 6.6% on Monday

** Goldman Sachs, Canaccord also hike price targets on SEDG, according to thefly.com

** SEDG slumped over 85% in 2024; including session moves, it is up about 32% so far this month

(Reporting by Lisa Pauline Mattackal)

((LisaPauline.Mattackal@thomsonreuters.com;))

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including session moves, it is up about 32% so far this month </p><p> (Reporting by Lisa Pauline Mattackal)</p><p> ((LisaPauline.Mattackal@thomsonreuters.com;))</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SEDG","symbol_name":"SolarEdge Technologies, Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250107:nL4N3O31BE:1","article_id":"2501815787","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501815787","pubTimestamp":1736266485,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-SolarEdge jumps as brokerages hike PT after layoff plan ** Shares of solar inverter maker SolarEdge Technologies SEDG.O jump 11.6% to $18.17, on course for their fifth consecutive session of gain","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SEDG":"SolarEdge Technologies, Inc.","BK4588":"碎股","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","LU0823414478.USD":"法巴经典能源转换基金","BK4519":"光伏太阳能","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4585":"ETF&股票定投概念","BK4147":"半导体设备"},"translate_title":"BUZZ-SolarEdge股价上涨，券商在裁员计划后提高PT","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SEDG":0.9},"content_text":"BUZZ-SolarEdge jumps as brokerages hike PT after layoff plan ** Shares of solar inverter maker SolarEdge Technologies SEDG.O jump 11.6% to $18.17, on course for their fifth consecutive session of gains ** Multiple brokerages hike price targets on SolarEdge after company said on Monday it would layoff 400 employees globally** Company says it expects to save about $9 mln to $11 mln due to the actions ** Morgan Stanley raises stock PT to $11 from $9 ** Wells Fargo hikes PT to $19 from $15, after revising 2025 EBITDA estimates to a loss of $83 mln from $89 mln previously ** Wells Fargo says EBITDA should turn positive in Q3 2025 ** Stock rose 6.6% on Monday ** Goldman Sachs, Canaccord also hike price targets on SEDG, according to thefly.com ** SEDG slumped over 85% in 2024; 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