Why SolarEdge Technologies Inc Plunged 12.6% on Monday
Shares of SolarEdge Technologies Inc (NASDAQ: SEDG) fell as much as 12.8% in trading Monday after being downgraded by an analyst. Shares closed the day down 12.6% on more than double the average volume of the last 30 days.
Gus Richard, an analyst at Northland Capital Markets, downgraded SolarEdge's stock from an outperform rating to a market perform rating and put a $102 price target on the stock.
Image source: Getty Images.
Source Fool.com
