Why SolarEdge Technologies Rallied Over 20% This Week
Shares of SolarEdge Technologies (NASDAQ: SEDG) rallied 22.4% this week, according to data from S&P Global Market Intelligence.
SolarEdge, like most solar stocks, has had a horrible few years, ever since interest rates shot up after the pandemic, followed by the Trump administration cutting incentives for U.S. residential solar purchases earlier this year.
However, SolarEdge investors received some good news this week, as its U.S.-based manufacturing facilities began international shipments, and a sell-side analyst upgraded his price target.
Source Fool.com
