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
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