SolarEdge Technologies Stock Dims on Downgrade

Shares of SolarEdge Technologies Inc (NASDAQ:SEDG) are down 9.4% at $15.94 at last check, after Citigroup downgraded the solar name to "sell" from "neutral," with a price-target cut to $9 from $12, noting high operating expenses. Wells Fargo chimed in as well, slashing its price objective to $15 from $19. Separately, SolarEdge is increasing its board size from eight to 10 members. The vast majority of analysts are already bearish on SolarEdge Technologies stock. Only two of the 35 analysts in question carry ...