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

Benzinga ·  Jan 18 00:18

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

Shares of SolarEdge Technologies, Inc. (NASDAQ: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. (NYSE: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. (NASDAQ:CVGW) fell 15.4% to $24.56. Calavo Growers delayed release of its fourth-quarter and FY23 financial results.

  • Alector, Inc. (NASDAQ: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. (NYSE: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. (NASDAQ:RR) fell 11.7% to $6.59.

  • LendingTree, Inc. (NASDAQ:TREE) shares tumbled 10.5% to $25.39.

  • Nukkleus Inc. (NASDAQ:NUKK) fell 9.3% to $1.36. Nukkleus signed MOU to increase holdings in Jacobi Asset Management.

  • Compass, Inc. (NYSE:COMP) declined 8.8% to $2.9350.

  • Tellurian Inc. (NYSE:TELL) fell 8.6% to $0.6126.

  • American Axle & Manufacturing Holdings, Inc. (NYSE: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. (NASDAQ:DH) tumbled 8.1% to $8.45. Definitive Healthcare named Jason Krantz as Interim CEO, succeeding Robert Musslewhite.

  • 10x Genomics, Inc. (NASDAQ:TXG) fell 7.8% to $41.04.

  • Esperion Therapeutics, Inc. (NASDAQ:ESPR) dipped 6.9% to $2.6150.

  • HDFC Bank Limited (NYSE:HDB) fell 6.8% to $56.99.

  • MINISO Group Holding Limited (NASDAQ: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. (NYSE:DOCN) declined 5.8% to $32.94. DigitalOcean named Paddy Srinivasan as Chief Executive Officer.

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