SolarEdge Technologies Inc(NASDAQ:SEDG) saw its shares fall Thursday afternoon by 5.47% to $17.96, amid a sector-wide decline in clean energy stocks, after a price target reduction forFirst Solar(NASDAQ:FSLR) sparked broader concerns about the solar energy industry.

What Happened:Thursday's decline began afterJefferiesanalystDushyant Ailanicut the price target for First Solar from $271 to $266, marking the second reduction in a week following B of A Securities' move to lower its target from $343 to $321 earlier.

Although First Solar's downgrade was specific to the company's valuation, the ripple effects quickly spread across the solar...