SolarEdge Technologies reported a significant Q1 loss with a Non-GAAP EPS of -$1.90, missing estimates by $0.31, while its revenue of $204.4 million, down 78.3% year-over-year, surprisingly beat expectations by $9.27 million. The company's stock price has seen a dramatic decline, currently trading around $52-$54, down from a recommendation level of approximately $300. Despite the revenue beat, SolarEdge guided its Q2 revenues below market consensus, signaling ongoing challenges in the solar industry, which has been described as struggling and heavily reliant on subsidies.
Solar stock investors. Any take on $SEDG's results?
SolarEdge Earnings Show the Industry’s Struggles. What Wall Street Is Saying. https://t.co/RlgQxW1LY3
$EXAS (-9.1% pre) Exact Sciences (EXAS) Reports Q1 Loss, Tops Revenue Estimates https://t.co/MYwk7PASGP
$SEDG (-7.2% pre) SolarEdge Technologies (SEDG) Reports Q1 Loss, Tops Revenue Estimates https://t.co/WjIMH5ChbY
Incredible Revenue Collapse $SEDG The entire solar space is in trouble... small uptick for next quarter (normal as more installations are done in the summer). $RUN $NOVA https://t.co/KXObBZ8E3l
🚨☠️ $SEDG reported Q1 Non-GAAP EPS of -$1.90, misses by $0.31. *Revenue of $204.4M (-78.3% Y/Y) beats by $9.27M. - We recommended $SEDG to our clients at ~$300. with a target price of <$50. As of today, $SEDG is $52. Companies driven by subsidies are imploding. If you want…
🚨☠️ $SEDG reported Q1 Non-GAAP EPS of -$1.90, misses by $0.31. *Revenue of $204.4M (-78.3% Y/Y) beats by $9.27M. - We recommended $SEDG to our clients at ~$300. During our recommendation, our target price was <$50. As of today, $SEDG is $52. Companies driven by subsidies are…
🚨☠️ $SEDG reported Q1 Non-GAAP EPS of -$1.90, misses by $0.31. *Revenue of $204.4M (-78.3% Y/Y) beats by $9.27M. - We recommended $SEDG to our clients at ~$300. During our recommendation, our target price was <$50. As of today, $SEDG is $54. Companies driven by subsidies are…
SolarEdge Technologies misses by $0.35, beats on revs; guides Q2 revs below consensus $SEDG
🚨🚩 $SEDG and $RUN reports after the close. Over the years, we’ve spoken with too many installers to count….subsidy driven companies are bound to perish. https://t.co/5CZVxRgdO5