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SolarEdge's revenues have plummeted and margins have been severely impacted, raising questions about the quality of its business model and growth story. The stock is cheap, but the company's closest competitor, ENPH, has shown better financial results and execution. Management's strategy of prioritizing share repurchases during a difficult period is surprising.
In the closing of the recent trading day, SolarEdge Technologies (SEDG) stood at $62.25, denoting a -0.72% change from the preceding trading day.
SolarEdge Technologies (SEDG) closed at $75.72 in the latest trading session, marking a +0.61% move from the prior day.
It was all doom and gloom for solar stocks in 2023. Rising interest rates had the biggest, most negative impact on the industry.
SolarEdge had miserable Q4 earnings to report last week. Sales plunged 65%, and SolarEdge flipped from a year-ago profit to losing $2.85 per share in Q4 2023.
Losses at solar installers Sunrun and Sunnova were much bigger than expected, and investors are fearing the worst. The industry is expected to recover later in 2024, but there's a lot of uncertainty in that projection.
SolarEdge's (SEDG) incurs a loss in the fourth quarter against earnings a year ago. The company misses on revenues.
CNBC's Pippa Stevens reports on SolarEdge's quarterly earnings results.
SolarEdge beat on earnings but missed on sales last night. It still lost a lot of money in Q4.
Solaredge Technologies (NASDAQ: SEDG ) stock is falling hard on Wednesday after the company solar power panel company posted its Q4 2023 earnings report. The bad news for SEDG stockholders comes from the company's outlook for the first quarter of 2024.