1312 ET - SolarEdge Technologies' tight liquidity position, challenging earnings outlook and competition raises concerns at Citi. The company faces stubbornly high operating expenses despite the restructuring announcements, especially relative to demand, Citi analysts say in a research note. Furthermore, recent price reduction haven't driven market share gains, the analysts add. Citi cuts SolarEdge Technologies to sell from neutral, noting that it remains cautious on residential solar largely due to dependence of companies on incentives and relatively weaker financial flexibility. Shares drop 12% to $15.46. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
January 08, 2025 13:12 ET (18:12 GMT)
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