Shares of solar power systems company SolarEdge (NASDAQ:SEDG) jumped 17.6% in the morning session after the stock received a double rating upgrade from Goldman Sachs. The firm upgraded Solar Edge from Sell to Buy and raised the stock's price target from $10 to $19. The new price target implies a potential 50% upside from where shares traded before the upgrade was announced.
Anthony Lee is a financial journalist, specializing in covering earnings reports and stock analysis. He writes for Yahoo Finance and StockStory, providing insights into various industries including fast food, retail, beverages, and household products. His work has also been featured on WCCB Charlotte's CW.