SolarEdge Technologies ( (SEDG) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
SolarEdge Technologies is experiencing a downturn in its stock price, primarily driven by heavy put volume and a bearish market sentiment. Despite this, Susquehanna has raised its price target for the company to $40, citing favorable policy developments that preserve tax credits and provisions of the Inflation Reduction Act. While the firm remains neutral on SolarEdge shares, it expresses a more optimistic outlook on the alternative energy sector as a whole.
More about SolarEdge Technologies
YTD Price Performance: 136.89%
Average Trading Volume: 4,431,216
Technical Sentiment Signal: Hold
Current Market Cap: $2.08B
For further insights into SEDG stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.