SolarEdge Technologies stock sank Wednesday after Citigroup analysts recommended selling shares of the solar energy company, citing deteriorating fundamentals in the European market.The move comes after SolarEdge announced its fourth round of layoffs in a year,

The vast majority of analysts are already bearish on SolarEdge Technologies stock. Only two of the 35 analysts in question carry a "buy" rating, with 25 a "hold," and eight a "sell" or worse.

Citi analysts downgraded SolarEdge Technologies (NASDAQ:SEDG) to a Sell rating on Wednesday, citing concerns over the company's liquidity, challenging earnings outlook, and intense competition. The downgrade is said to