SolarEdge Technologies, Calavo Growers, Fisker And Other Big Stocks Moving Lower On Wednesday

U.S. stocks traded lower, with the Nasdaq Composite falling more than 150 points on Wednesday.

Shares of SolarEdge Technologies, Inc. SEDG fell during Wednesday’s session after Barclays downgraded the stock from Equal-Weight to Underweight and lowered its price target from $74 to $50.

SolarEdge Technologies shares declined 5.4% to $68.91 on Wednesday.

Here are some other big stocks recording losses in today’s session.

• Spirit Airlines, Inc. SAVE shares dipped 24.1% to $6.01 on continued downward momentum after a federal judge blocked JetBlue Airways from acquiring the company.
• Calavo Growers, Inc. CVGW fell 15.4% to $24.56. Calavo Growers delayed release of its fourth-quarter and FY23 financial results.
• Alector, Inc. ALEC declined 14.4% to $6.54 after the company announced the pricing of a $75 million public offering of 10,869,566 shares of common stock.
• Fisker Inc. FSR fell 11.8% to $0.8519. TD Cowen analyst Jeffrey Osborne downgraded Fisker from Outperform to Market Perform and lowered the price target from $11 to $1.
• Richtech Robotics Inc. RR fell 11.7% to $6.59.
• LendingTree, Inc. TREE shares tumbled 10.5% to $25.39.
• Nukkleus Inc. NUKK fell 9.3% to $1.36. Nukkleus signed MOU to increase holdings in Jacobi Asset Management.
• Compass, Inc. COMP declined 8.8% to $2.9350.
• Tellurian Inc. TELL fell 8.6% to $0.6126.
• American Axle & Manufacturing Holdings, Inc. AXL fell 8.1% to $7.34 after UBS downgraded the stock from Neutral to Sell and lowered its price target from $8 to $6.5.
• Definitive Healthcare Corp. DH tumbled 8.1% to $8.45. Definitive Healthcare named Jason Krantz as Interim CEO, succeeding Robert Musslewhite.
• 10x Genomics, Inc. TXG fell 7.8% to $41.04.
• Esperion Therapeutics, Inc. ESPR dipped 6.9% to $2.6150.
• HDFC Bank Limited HDB fell 6.8% to $56.99.
• MINISO Group Holding Limited MNSO fell 6.8% to $21.00. MINISO shifted fiscal year end to Dec. 31 from June 30 for enhanced financial alignment.
• DigitalOcean Holdings, Inc. DOCN declined 5.8% to $32.94. DigitalOcean named Paddy Srinivasan as Chief Executive Officer.

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