Barclays Is Souring on SolarEdge (SEDG) Stock

SolarEdge Technologies (NASDAQ:SEDG) stock is dipping on Wednesday after the solar energy company’s shares were downgraded by Barclays analyst Christine Cho.That saw the Barclays analyst drop SEDG stock from an “equal weight” rating to an “underweight” rating today. That’s worse than the analysts; consensus “hold” rating for SEDG shares.Adding to that trouble is a price target drop from $74 per share to $50 per share for SEDG stock. That represents a roughly 31.5% downside compared to yesterday’s closing pr ...