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Why Bank of America Is Bullish On This Green Tech Company benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
SolarEdge Technologie (NASDAQ:SEDG), Enphase Energy, Inc. (NASDAQ:ENPH) - BofA Upgrades SolarEdge Following Recent Sell-Off benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Enphase Energy Inc (NASDAQ: ENPH) and Solaredge Technologies Inc (NASDAQ: SEDG) tumbling on concerns of new competition. Yet BofA Securities analyst Aric Li said Tuesday that investors should be comfortable buying the dip in Enphase stock. Competitive Risks: One of the biggest risks to the long-term bull cases for both Enphase and SolarEdge is more competition in the module level power electronics space, Li said in a note. The two companies hold about 90% market share of the U.S. residential solar market, the analyst said. Yet the new Tesla inverter is no direct threat to Enphase at this time, he said. ....