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.