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Elon Musk ties to SolarEdge cast long shadow on already troubled stock

Published Mon, Nov 23, 2015 · 09:50 PM

New York

FOR SolarEdge Technologies Inc, ties with Elon Musk are no longer something to brag about.

The Silicon Valley billionaire's SolarCity Corp is the biggest buyer of its components for photovoltaic systems. That turned SolarEdge into a darling of investors until its top client announced it would scale back installations of panels. Shares of the Israeli company that had soared as high as US$42 are back down at US$18, the price of their March trading debut in New York.

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