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Why SolarEdge Plunged Yet Again Today

    Shares of solar inverter company SolarEdge Technologies (NASDAQ: SEDG) were plunging in Thursday trading despite the strong market, down 9.6% as of 12:38 p.m. ET. The company reported earnings last night that missed expectations, while also issuing guidance that came in at a stunning 50% or so below what analysts had been forecasting for the fourth quarter. In the wake of these washed-out earnings, several analysts took their price targets and ratings down today.

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