SolarEdge (SEDG.US) shares are losing nearly 9% after the open, the most in 7 months, with 3 times the usual volume. The stock is losing almost 30% in the last 30 days. Currently, analysts maintain 17 buy recommendations for the company, 8 hold and 4 sell recommendations. The company deals with photovoltaic energy - optimization and monitoring of energy created with photovoltaic panels. The company was founded in 2006 in Israel and is listed on Nasdaq. The company was included in the S&P 500 index two weeks ago, which means that the company boasts stable financial data. Interestingly, the company is currently the second-largest listed Israeli company. It is difficult to find a reason for the recent declines, other than the general market sentiment. Nevertheless, it is worth mentioning that the company has launched new optimizers intended primarily for home use in photovoltaic installations.
In general, it is difficult to find negative news regarding the company. Nevertheless, the stock is losing and falling below the long-term uptrend line today. Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
