SolarEdge Jumps 8% as UBS Sees 40% Upside From New Inverter Import Curbs; Enphase and First Solar Drift Down

SolarEdge shares were up ~8% to $32.22 midday after UBS upgraded the stock to Buy from Neutral and raised its price target to $42 from $36, citing new U.S. factors. The analyst’s target implies substantial upside versus the current quote and is driving near-term positive sentiment toward SEDG.