SolarEdge Technologies: Buy the Dip?

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.

Continue reading

Source Fool.com