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Why SolarEdge Stock Just Popped 11%

TheMotleyFool

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Why SolarEdge Stock Just Popped 11%Photo, wide shot, wide-angle lens, Hedge fund, neutral atmosphere, photo by Charlie Waite: https://img.theapi.app/temp/95282efd-f725-49c0-be40-aa74627f7ccc.png

For the second day in a row, a Wall Street analyst is cutting its price target on SolarEdge (NASDAQ: SEDG) stock. This morning, investment bank Piper Sandler sliced $12 off its target, predicting that SolarEdge stock will sell for just $328 a share a year from now -- even less than the $337 that JP Morgan predicted yesterday.

And yet, after back-to-back price target cuts, SolarEdge stock is up 11.4% in 11:15 a.m. EST trading today. What gives?

Image source: Getty Images.

Source Fool.com

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