We are looking at SolarEdge (SEDG) today.
Why SolarEdge stock fell today?
Shares of SolarEdge were down more than 7% on Thursday. An analyst from Goldman Sachs issued a "sell" rating for the stock, and investors didn't like the news a bit. Brian Lee from Goldman believes the company has peaked its U.S. share of inverter systems for solar photovoltaic (PV) installations, and the margin is under a lot of pressure too.
The company has been one of the high-flyers of the market in recent quarters. Even with the decline on Thursday, the stock has gained more than 60% in the last three months. Something to watch, if the price drops further.
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