Top Analyst Downgrades Solaredge, Stock Falls 5.3%; Cloudflare Upgraded
SEDG•Shares of Solaredge dropped 5.27% after a leading Wall Street analyst cut its rating. The same analyst initiated coverage on SpaceX and upgraded Cloudflare’s rating.
1. Analyst Ratings Update
A top Wall Street analyst downgraded Solaredge’s rating, upgraded Cloudflare’s rating, and initiated coverage on SpaceX in a single research note.
2. Solaredge Share Movement
Solaredge shares slid by 5.27% intraday following the downgrade, underperforming the broader solar equipment sector.
3. Cloudflare and SpaceX Actions
Cloudflare saw its rating raised by one level, while SpaceX entered the analyst’s coverage universe, signaling confidence in its long-term growth trajectory.
