SolarEdge Stock Soars After Bank of America Upgrade

Key Takeaways Bank of America upgraded SolarEdge Technologies, saying the solar power equipment maker will be profitable next year. BofA Securities added that the recent slide in SolarEdge's share price was based on an "unlikely worstcase scenario." However, the bank cut the price target, noting that the whole solar power industry continues to struggle. BofA Securities raised its rating to "neutral" from "underperform," although it lowered the price target to $29 from $44. BofA Expects SolarEdge To Return T ...