This was the stock's second consecutive day of losses.

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,

Goldman Sachs Group Inc (NYSE:GS) is one of the many financial names scheduled to report earnings next week. The bank giant will announce its quarterly results before the open on Wednesday, Jan. 15, in which analysts expect earnings of $7.94 per share, much larger than the $5.48 per share reported this quarter last year.

The stock's fall snapped a three-day winning streak.

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. SEDG broke above pressure at $15 on Monday after the company announced it was cutting 400 jobs,