SolarEdge ($SEDG) forecasts a significant decline in Q4 revenue, projecting $300M to $350M, far below the consensus estimate of $718.73M. The company's weak guidance has led to a plunge in its stock price, with shares sinking 25% after-hours. The poor performance is attributed to a slow market environment and high inventory levels in Europe. SolarEdge's competitor, Enphase ($ENPH), also expects a decline in Q4 revenue to the same $300M to $350M level.
Rooftop solar stocks bounced this week, but any rally may be short lived, analysts said https://t.co/OxXYw3Floj
Rooftop solar stocks bounced this week, but any rally may be short lived, analysts said https://t.co/dOI3YJEg1s
Home solar companies in the US dialed back their outlooks this week amid a pile-up of challenges that are dragging the sector down. Investors took notice, writes @markchediak https://t.co/i3QSolfgrn
Home solar companies in the US dialed back their outlooks this week amid a pile-up of challenges that are dragging the sector down. Investors took notice, writes @markchediak https://t.co/u32WlvWXPn
Insight: US solar panel manufacturing boom threatened by cheap imports https://t.co/ptyUSOtXTH https://t.co/JaYAyiqfzO
US solar panel manufacturing boom threatened by cheap imports U.S. companies have announced plans to build dozens of solar panel factories across the country since last year when President Joe Biden’s signature climate law unleashed billions of dollars of subsidies, raising… https://t.co/BxzK8qrMQ1
America can sometimes make lots of solar power at the wrong times. Now some states are turning off perfectly good solar panels and clawing back incentives that entice Americans to install their own, writes @Agmoseman. https://t.co/a8Ejwvf44O
SolarEdge dropping to a 4-year low today after Q3 results & Q4 guidance disappointed the Street. CFO Ronen Faier telling me there’s a “perfect storm” of headwinds hitting European demand $SEDG $TAN More from @LastCallCNBC yday👇 https://t.co/H8c88OvobZ
China is installing solar panels at a breakneck pace. But it’s also adding new coal plants, causing concern ahead of climate talks with the U.S. https://t.co/BCnbBZpC48
'Renewable Massacre': SolarEdge Melts Down After Weak Guidance https://t.co/AQ5AU4go9c
America can sometimes make lots of solar power at the wrong times. Now some states are turning off perfectly good solar panels and clawing back incentives that entice Americans to install their own, writes @Agmoseman. https://t.co/QVpyENKylP
SolarEdge shares sink 24% after company offers weak Q4 guidance https://t.co/TAyamRkCK3
SolarEdge forecasts dour Q4 revenue as demand concerns loom; shares plunge https://t.co/F9WPBybfhP https://t.co/YRd2OwSbmj
$SEDG is going to gap down 20% to $60 tomorrow on its terrible earnings. They make DC inverters for solar power installations. No businesses benefitted from 0% interest rates more than those enabling super-trendy capital expenditures with long payoff periods. 1/2 https://t.co/lStr8ZKOV8
En de volgende.... “The results for the third quarter fell short of our prior expectations and are reflecting a slow market environment, which has resulted in high inventory of our products in the distribution channels, in particular in Europe.” #solaredge https://t.co/KJyo7MiENk
SolarEdge shares sink after company offers weak Q4 guidance https://t.co/mrcsyjZ0lr
$SEDG Solaredge misses, offers terrible Q4 guidance that is not on the same planet as expectations. -25% AH, $ENPH down another 7% AH https://t.co/A3LFBIhiXt
SolarEdge $SEDG guided for a (55%) QoQ decline in revenues to $300M to $350M (and far below consensus of $660M), mirroring Enphase's $ENPH (40%) QoQ guide to the same $300M to $350M level as the industry faces stiff demand headwinds. Check out my newsletter on Friday for more… https://t.co/YgBd6uqsaM https://t.co/W7Csa9Swse
$SEDG: SolarEdge sees Q4 revenue $300M-$350M, consensus $718.73M Yikes, again.