SolarEdge's Restructuring To Generate Savings And Free Cash Flow Upside: Goldman Sachs Analyst

SolarEdge Technologies, Inc. SEDG shares are trading higher on Tuesday. On Monday, Goldman Sachs analyst Brian Lee raised its price target from $19 to$21, while reiterating a Buy rating.Yesterday, the company revealed layoffs of approximately 400 employees and post-completion the workforce reduction is expected to save $9 million to$11 million quarterly, excluding implementation costs.Also, the company disclosed safe harbor agreements with two of the largest U.S. residential solar installers and financers ...