Advertisement
Singapore markets close in 4 hours 59 minutes
  • Straits Times Index

    3,278.38
    -14.75 (-0.45%)
     
  • Nikkei

    37,725.26
    -734.82 (-1.91%)
     
  • Hang Seng

    17,278.35
    +77.08 (+0.45%)
     
  • FTSE 100

    8,040.38
    -4.43 (-0.06%)
     
  • Bitcoin USD

    64,275.05
    -2,322.97 (-3.49%)
     
  • CMC Crypto 200

    1,391.92
    -32.18 (-2.26%)
     
  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     
  • Dow

    38,460.92
    -42.77 (-0.11%)
     
  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     
  • Gold

    2,325.50
    -12.90 (-0.55%)
     
  • Crude Oil

    82.88
    +0.07 (+0.08%)
     
  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     
  • FTSE Bursa Malaysia

    1,570.75
    -0.73 (-0.05%)
     
  • Jakarta Composite Index

    7,140.05
    -34.49 (-0.48%)
     
  • PSE Index

    6,582.52
    +9.77 (+0.15%)
     

Why SolarEdge Technologies' Shares Popped 12.1% on Wednesday

Why SolarEdge Technologies' Shares Popped 12.1% on Wednesday

Shares of SolarEdge Technologies (NASDAQ: SEDG) had another great day today, gaining as much as 12.1% in a steady climb throughout the day. Yesterday's jump in SolarEdge's shares was because of second-quarter earnings that came in better than the market's very low expectations. The news today was that analysts at Oppenheimer increased their price target for SolarEdge's stock to $207 per share and reiterated a buy rating.