WOLF - SolarEdge Wolfspeed upgraded at Oppenheimer on secular growth strength

SolarEdge Technologies (SEDG) and Wolfspeed (WOLF) shoot higher at Thursday's open, +4.5% and +1.9% respectively, after Oppenheimer upgraded the stocks to Outperform from Perform with respective 12-18 month price targets of $334 and $105. "As investors look to balance growth with defensive postures, establishing core positions in differentiated technology platforms positioned to grow in excess of climate mitigation peers should offer hedges on inflation and recessionary concerns," Oppenheimer's Colin Rusch writes. "In that context, we are upgrading SEDG and WOLF. We find both platforms demonstrating highly defensible technology positions poised for outsized growth." Oppenheimer believ

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SolarEdge, Wolfspeed upgraded at Oppenheimer on secular growth strength