SolarEdge Technologies is trading at $28.02, up 7.50%, amid Friday’s technology-stock rebound as investors bought beaten-down shares and sentiment stabilized.
- The rebound followed the previous session’s steep sell-off. The October jobs report showed stronger-than-expected hiring, with 165,000 jobs added versus 65,000 expected.
- Fourth-quarter revenue guidance was reported about 20% below expectations, and analysts cut price targets after the earnings report. Those developments accompanied the earlier decline but do not explain Friday’s upward move.