SolarEdge Technologies, Inc. ($SEDG) Stock Forecast: Down 5.4% Today

What is SolarEdge Technologies, Inc.?

SolarEdge Technologies (NASDAQ: SEDG) is a prominent provider of solar inverters and power optimizers, with a significant presence in the renewable energy sector.

Why is SolarEdge Technologies, Inc. going down?

SEDG stock is down 5.4% on Nov 19, 2024 17:21

• Experienced a strong bearish movement today.
• The rise in the short percent of float and analyst downgrades possibly contributed to the pessimism surrounding SolarEdge Technologies.
• The general trend of lower U.S. stock futures, particularly with companies like Applied Materials also declining, may have further impacted SEDG's stock price.
• In summary, the increased short interest, analyst downgrades, and negative market sentiment likely influenced the bearish movement in SolarEdge Technologies' stock today.

SEDG Price Chart

SEDG Technical Analysis

SEDG News

How Is The Market Feeling About SolarEdge Technologies? - SolarEdge Technologies ( NASDAQ:SEDG )

SolarEdge Technologies's SEDG short percent of float has risen 13.92% since its last report. The company recently reported that it has 19.16 million shares sold short, which is 39.52% of all regular shares that are available for trading.

https://www.benzinga.com/insights/short-sellers/24/11/42035030/how-is-the-market-feeling-about-solaredge-technologies

This SolarEdge Technologies Analyst Turns Bearish; Here Are Top 5 Downgrades For Friday - SolarEdge Technologies ( NASDAQ:SEDG )

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Citigroup analyst Beatrice Lam downgraded Gogoro Inc. GGR from Buy to Neutral and lowered the price target ...

https://www.benzinga.com/24/11/42007479/this-solaredge-technologies-analyst-turns-bearish-here-are-top-5-downgrades-for-friday

Applied Materials Reports Q1 Results, Joins Oklo, AST SpaceMobile And Other Big Stocks Moving Lower In Friday's Pre-Market Session - Applied Mat ( NASDAQ:AMAT )

U.S. stock futures were lower this morning, with the Dow futures falling more than 200 points on Friday. Shares of Applied Materials, Inc. AMAT fell sharply in today's pre-market trading following first-quarter results.

https://www.benzinga.com/24/11/42006745/applied-materials-reports-q1-results-joins-oklo-ast-spacemobile-and-other-big-stocks-moving-lower-in-fridays-pre-

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SolarEdge Technologies, Inc. Price History

01.10.2024 - SEDG Stock was up 5.3%

• SEDG stock surged by +0.72% despite the overall market decline, showcasing its resilience and investor confidence in the company.
• Expectations of SolarEdge beating earnings estimates in the upcoming period likely fueled investor optimism and contributed to the bullish movement.
• The anticipation of strong financial performance in the next quarter could have attracted more investors to SEDG, further driving up the stock price.
• The positive outlook for SolarEdge Technologies amidst market uncertainties demonstrates the company's strong position in the renewable energy sector and its potential for growth.

15.10.2024 - SEDG Stock was up 6.4%

• Despite a bearish outlook from analysts and disappointing Q3 results, SolarEdge Technologies (SEDG) experienced a strong bullish movement.
• The negative sentiment from analysts and the underwhelming quarterly performance could have initially dampened investor confidence in the stock.
• However, it seems that investors may have found value in the company's long-term prospects or potential growth opportunities, leading to the bullish movement.
• This unexpected market response could indicate that some investors are viewing SolarEdge as a resilient player in the renewable energy industry, despite short-term setbacks.

25.09.2024 - SEDG Stock was up 5.3%

• Despite recent bearish sentiment and a 10% drop in the stock price this week, SolarEdge Technologies (SEDG) experienced a strong bullish movement today.
• The unusual options activity indicating a bearish position taken by investors might have initially caused concern in the market.
• However, it seems that the market sentiment shifted positively today, possibly due to other factors such as positive industry news or internal company developments.
• Investors should continue to monitor the situation closely as the stock's movement remains volatile amidst ongoing market dynamics.

06.10.2024 - SEDG Stock was down 20.2%

• SEDG experienced a significant bearish movement of 20% following Donald Trump's presidential election victory, which has created uncertainty in the solar energy sector.
• The anticipation of SEDG reporting Q3 earnings at a loss of $1.55 per share, a deterioration from the previous year, could have contributed to the negative sentiment surrounding the stock.
• Despite the overall market decline, SEDG managed to advance slightly by 0.72%, indicating some resilience in the face of broader market challenges.

23.09.2024 - SEDG Stock was down 11.7%

• Analyses from industry experts have prompted a reduction in estimates for SolarEdge, influenced by recent disappointing results from a competitor in the sector.
• The negative market sentiment may have been intensified by a rating downgrade of another tech company by a prominent analyst, potentially impacting SEDG as part of a wider technology sector downturn.
• Market conditions, including competition and industry dynamics, may have contributed to the downward movement in SolarEdge's stock price today.

23.09.2024 - SEDG Stock was down 12.6%

• Unusual options activity indicating a bearish position taken by investors may have influenced the stock's bearish movement.
• Analyst Mark Strouse lowering estimates for SolarEdge after Enphase Energy's third-quarter results could have added to the negative sentiment surrounding the stock.
• The downgrade of Uber Technologies by Daiwa Capital analyst Jairam Nathan, although unrelated to SolarEdge, could reflect a broader trend of cautiousness among analysts, potentially impacting investor sentiment in the market.

05.10.2024 - SEDG Stock was down 5.5%

• SEDG experienced a bearish movement attributed to market expectations of lower Q3 earnings year-over-year.
• Despite market decline, SEDG showed slight advancement, signaling resilience against prevailing market conditions.
• Investor optimism regarding SEDG surpassing earnings estimates may not have matched actual results, prompting the bearish movement.

19.10.2024 - SEDG Stock was down 5.4%

• Experienced a strong bearish movement today.
• The rise in the short percent of float and analyst downgrades possibly contributed to the pessimism surrounding SolarEdge Technologies.
• The general trend of lower U.S. stock futures, particularly with companies like Applied Materials also declining, may have further impacted SEDG's stock price.
• In summary, the increased short interest, analyst downgrades, and negative market sentiment likely influenced the bearish movement in SolarEdge Technologies' stock today.

05.10.2024 - SEDG Stock was down 5.7%

• SEDG experienced a strong bearish movement today, possibly due to the market reacting negatively to the estimated Q3 earnings report indicating a significant loss per share compared to the previous year.
• Despite the overall market decline, SEDG managed to advance slightly, showing resilience amidst broader market challenges.
• The expectation of SEDG beating earnings estimates might have initially boosted investor confidence, but the actual reported loss per share could have led to profit-taking and a bearish trend in the stock.
• Investors may be reevaluating their positions in SEDG based on the discrepancy between the anticipated earnings beat and the projected substantial loss, contributing to the bearish movement witnessed today.

07.10.2024 - SEDG Stock was down 6.9%

• SEDG witnessed significant bearish movement recently.
• The third-quarter financial results fell below expectations, with revenues totaling $260.9 million, missing the anticipated $269.38 million consensus.
• The unsatisfactory financial performance, alongside a bleak outlook and substantial impairment charges, contributed to the decline in SEDG's stock value.
• The overall market sentiment towards solar energy stocks post the election of Donald Trump may have also influenced the 20% decrease in SolarEdge's stock price.

07.10.2024 - SEDG Stock was down 5.3%

• SEDG saw a significant decline in its stock price recently.
• In the third quarter, the company reported a larger-than-expected loss, with revenues falling by 64% compared to the previous year, falling short of revenue estimates.
• The challenging Q3 results, including a revenue miss, a substantial impairment, and a pessimistic forecast, contributed to the negative sentiment surrounding SEDG in the market.
• The downward trend in solar stocks, influenced by macroeconomic factors and industry-specific difficulties, likely worsened SolarEdge's stock price decline.

12.10.2024 - SEDG Stock was down 5.0%

• SolarEdge Technologies (SEDG) faced significant downward pressure today following disappointing third-quarter results and a larger-than-anticipated loss.
• The company's revenues plunged by 64% year over year, falling short of revenue projections and underscoring challenges within the solar energy industry.
• Analysts are adopting a cautious stance on SolarEdge as uncertainties loom over its future performance, given the bleak outlook and substantial impairment recorded in Q3.
• Pessimism surrounding SolarEdge was amplified by a broader market trend of major stocks declining, as evidenced by other companies like CommScope Holding delivering lackluster results.