SolarEdge Technologies (SEDG.US) shares fell more than 5% during today's session after Morgan Stanley downgraded the company to equal-weight from overweight with a price target of $338, up from $318, saying that the stock appears to be fully valued after a recent hot streak with a limited room for further upside. The analyst Stephen Byrd added that as the company's non-solar business grows, its margins may decline over time.
SolarEdge (SEDG.US) stock launched today's session with a bearish price gap, and buyers made an attempt to break above local resistance at $ 338.00, which coincides with 38.2% Fibonacci retracement of the last upward wave. However, bulls did not have strength to stay above this level and price resumed downward move. If current sentiment prevails, next support at $305.00 may be at risk. Source: xStation5
Daily Summary: Nasdaq at 1-week low, gold and silver erase gains (18.08.2026)
Apple bucks deepening Nasdaq selloff! Perfect anti-AI hedge?
Market Wrap: EU chip stocks surge on Anthropic's earnings! AstraZeneca halts trials for lung cancer therapy (17.08.2026)
Market Wrap: European software stocks keep indices near record highs. Dollar gives up this week's gains (14.08.2026)