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Why SolarEdge Stock Dropped 10% Today

TheMotleyFool

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Shares of solar energy stock SolarEdge (NASDAQ: SEDG) closed Thursday trading down 9.8%, and its peer, solar inverter-maker Enphase Energy (NASDAQ: ENPH), declined a similar 10.2%. The reason: Both stocks were targeted in a short report from Citron Research today.

In the course of talking up the prospects of yet a third stock -- Waukesha, Wisconsin-based power-generation equipment producer Generac Holdings (NYSE: GNRC) -- noted short-seller Citron explained how Generac "is a major new competitive entrant" in the field of solar inverters.

Image source: Getty Images.

Source Fool.com

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