Why SolarEdge Stock Is Tanking After-Hours
$SolarEdge Technologies(SEDG.US$ announced it will offer $300 million in convertible senior notes due 2029 in a private offering to institutional buyers. An additional $45 million in notes may be offered.
SolarEdge shares have dropped over 30% in the past month, with 23.44% of shares sold short.
Will SEDG Stock Go Up?
Analyst forecasts show mixed opinions on SolarEdge's future. The average 12-month price target is $68.70, with a high of $124 and a low of $44. Out of the analysts, six have positive ratings, eleven are neutral, and three are negative.
Recent price target changes from analysts reflect varying expectations, but the average target suggests potential upside. ![]()
The average stock market return is approximately 10% per year. Despite a year-to-date decline of 86.57%, analysts indicate the stock could recover.
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Some famous words of Buffett. I hope it's useful to you. : )
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