SolarEdge Technologies shares are trading lower after Wells Fargo downgraded the stock from Overweight to Equal-Weight and lowered its price target from $190 to $82.
Portfolio Pulse from Benzinga Newsdesk
SolarEdge Technologies' stock has been downgraded by Wells Fargo from Overweight to Equal-Weight, with its price target also being reduced from $190 to $82. This has resulted in the company's shares trading lower.
November 06, 2023 | 5:04 pm
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SolarEdge Technologies' stock has been downgraded by Wells Fargo, leading to a decrease in its share price. The price target has also been lowered from $190 to $82.
The downgrade by Wells Fargo from Overweight to Equal-Weight indicates a less optimistic outlook for SolarEdge Technologies. This, coupled with the significant reduction in the price target, has led to a decrease in the company's share price. This news is highly relevant and important for investors in SolarEdge Technologies.
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