Why Shares of SolarEdge Technologies Plunged 10.3% Today
Shares of SolarEdge Technologies (NASDAQ: SEDG) fell as much as 10.6% in trading on Monday as solar energy stocks plunged across the board. The stock closed near its low, ending down 10.3% for the day.
The biggest factor driving shares of solar energy stocks lower today was interest rates. The market was suddenly worried about rising interest rates, which can increase the cost to borrow money to pay for residential and commercial solar projects.
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Source Fool.com
