SolarEdge's stock price dropped 5.21% during Friday's intraday trading session, marking a significant decline for the solar energy company.
The sharp decline appears to be driven by negative analyst commentary, with Citi expressing concerns about "stretched" valuations for both SolarEdge and peer Enphase Energy. The bank removed its positive short-term view on Enphase, suggesting similar valuation pressures may be affecting SolarEdge as well.
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