SEDG is trading 4.1% down at $50.76 as broader market weakness and softening risk appetite weigh on major U.S. indices.
- The decline follows a sharp move on July 07, when the stock fell 6.98% to close at $52.94.
- Yesterday's plunge was attributed to fresh analyst commentary flagging the stock as meaningfully overvalued, contributing to a re-rating of the company's fundamentals.