Why Investor Love Dimmed for SolarEdge Technologies on Thursday
One of the sharper investor retreats on the stock market Thursday belonged to SolarEdge Technologies (NASDAQ: SEDG).A day after the solar company's shares rocketed 24% higher thanks to a well-received quarterly earnings release, they headed earthward again to close more than 7% lower in price. That was a far steeper fall than Thursday's 0.4% stumble of the bellwether S&P 500 index.As often occurs in the wake of an earnings release, a clutch of analysts raced to adjust their takes on SolarEdge Thursday. Most increased their price targets, but these bullish moves were more than offset by not one, but two, recommendation downgrades. Continue reading
One of the sharper investor retreats on the stock market Thursday belonged to SolarEdge Technologies (NASDAQ: SEDG).
A day after the solar company's shares rocketed 24% higher thanks to a well-received quarterly earnings release, they headed earthward again to close more than 7% lower in price. That was a far steeper fall than Thursday's 0.4% stumble of the bellwether S&P 500 index.
As often occurs in the wake of an earnings release, a clutch of analysts raced to adjust their takes on SolarEdge Thursday. Most increased their price targets, but these bullish moves were more than offset by not one, but two, recommendation downgrades.
