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SolarEdge Technologies: Buy the Dip?

TheMotleyFool

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SolarEdge Technologies (NASDAQ: SEDG) stock fell nearly 16% after it reported its first-quarter results. The stock is nearly 40% off its high this year. Renewable energy stocks, including solar, are witnessing significant declines this year. Let's see if SolarEdge stock's steep fall presents a buying opportunity or not.

SolarEdge Technologies reported first-quarter revenue of $405.5 million, down 6% from the year-ago quarter. That was better than an 8% year-over-year fall that it had guided.

Image source: Getty Images.

Source Fool.com

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