SolarEdge (SEDG) Plunges 7.23% on Analyst Downgrades

SolarEdge (SEDG) shares plunged 7.23% today, marking the fourth consecutive day of decline, with a total drop of 26.41% over the past four days. The stock price hit its lowest level since November 2024, experiencing an intraday decline of 10.49%.

SolarEdge Technologies, a leading manufacturer of solar inverters, has seen its stock price retreat due to a series of analyst downgrades. Northland Capital Markets lowered its rating on SolarEdge shares from "Market Perform" to "Underperform," contributing to a 9% drop in the company's stock. This downgrade reflects a broader sector-wide decline in clean energy stocks, which has also impacted SolarEdge's performance.

In addition to Northland's downgrade, several other equities analysts have issued reports on SolarEdge. Northland Capital Markets further adjusted its rating from a "hold" to a "strong sell," adding to the negative sentiment surrounding the stock. BMO Capital analyst Ameet Thakkar maintained a "hold" rating on SolarEdge but reduced the target price from $24 to $21, indicating a more cautious outlook for the company's future performance.

These analyst actions collectively reflect the current market sentiment and the challenges faced by SolarEdge Technologies in the clean energy sector. The company's stock price decline underscores the importance of analyst ratings and market trends in shaping investor perceptions and stock performance.