SolarEdge shares are trading lower after Barclays downgraded the stock from Equal-Weight to Underweight and lowered its price target from $74 to $50.
Portfolio Pulse from Benzinga Newsdesk
SolarEdge Technologies, Inc. (SEDG) shares have declined following a downgrade by Barclays from Equal-Weight to Underweight, accompanied by a reduction in the price target from $74 to $50.

January 17, 2024 | 1:44 pm
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Barclays downgraded SolarEdge Technologies, Inc. from Equal-Weight to Underweight and lowered the price target from $74 to $50, indicating a bearish outlook on the stock.
Analyst downgrades typically lead to a negative perception among investors and can result in immediate stock price declines. The substantial reduction in the price target from $74 to $50 by a major financial institution like Barclays suggests a significant change in the expected performance of the company, which is likely to influence investor sentiment and the stock's short-term price movement negatively.
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