SolarEdge’s Restructuring To Generate Savings And Free Cash Flow Upside: Goldman Sachs Analyst – SolarEdge Technologies (NASDAQ:SEDG)
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 […]