Investing.com - Morgan Stanley (NYSE:MS) has revised its stance on the solar energy space, downgrading three stocks from Equal Weight to Underweight. The downgrades, targeting SolarEdge (NASDAQ:SEDG),

We’re now just days away from the ’24 elections, and what a race it’s been. Polls have been all over the place, and both parties can make legitimate claims to holding the advantage as we approach Tuesday’s vote.

Morgan Stanley downgrades SolarEdge and Maxeon Solar Technologies amid uncertainty surrounding the Inflation Reduction Act, tariffs an interest rates.

The firm says investors should be closely monitoring bond yields and the US dollar for signs of when equities could turn.

Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $120.3, a high estimate of $142.00, and a low estimate of $105.00. This upward trend is evident, with the current average reflecting a 11.39% increase from the previous average price target of $108.00.