SolarEdge Technologies Stock Dims on Downgrade
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SolarEdge Technologies Inc (NASDAQ:SEDG) shares fell 9.4% following a downgrade by Citigroup from 'neutral' to 'sell', with a price target reduction from $12 to $9 due to high operating expenses.
January 08, 2025 | 4:15 pm
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SolarEdge Technologies Inc experienced a significant stock price drop of 9.4% after Citigroup downgraded its rating to 'sell' and reduced the price target to $9, citing high operating expenses.
The downgrade by Citigroup from 'neutral' to 'sell' and the significant reduction in price target from $12 to $9 are strong negative signals for investors. The mention of high operating expenses adds to concerns about the company's financial health, leading to a sharp decline in stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100