On 6/25/24, SolarEdge Technologies Inc (NASDAQ: SEDG) stock suffered a major decline of -20.6%, closing at $26.40. Moreover, exceptionally high trading volume at 835% of normal accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months and has declined -33.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, SEDG is expected to continue to be a modest Value Builder.
SolarEdge Technologies has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. SolarEdge Technologies has a good Appreciation Score of 77 but a very low Power Rating of 1, with the Negative Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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