Company Performance - SolarEdge Technologies' stock closed at $27.01, reflecting a +0.75% change from the previous trading day's closing, outperforming the S&P 500's daily loss of 0.5% [1] - The company is expected to report earnings of -$1.56 per share on August 7, 2024, indicating a year-over-year decline of 159.54% [2] - The latest consensus estimate predicts revenue of $258.19 million, representing a 73.95% decrease compared to the same quarter of the previous year [2] - For the full year, analysts expect earnings of -$4.66 per share and revenue of $1.32 billion, marking changes of -213.11% and -55.62% respectively from last year [7] Analyst Estimates - Recent changes to analyst estimates for SolarEdge Technologies reflect shifting short-term business patterns, with positive revisions indicating analysts' confidence in the company's performance [3] - The Zacks Consensus EPS estimate has decreased by 1.88% over the last 30 days, and SolarEdge Technologies currently holds a Zacks Rank of 4 (Sell) [4] Industry Context - The solar industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 168, placing it within the bottom 34% of over 250 industries [9] - Over the past month, shares of SolarEdge Technologies gained 11.85%, outperforming the Oils-Energy sector's loss of 10.92% and the S&P 500's gain of 0.1% [6]

SolarEdge Technologies (NASDAQ:SEDG) stock is down 90% from where it stood one year ago. Not only does it mean the business has fallen on hard times but there are likely few investors left after the rout. Still, if the dominoes fall into place as forecast and the bullish scenario plays out, don't hang on. Instead, view it as a chance to deploy your money else into more profitable ventures. SolarEdge's solar segment revenue started collapsing in the third quarter of 2023 and only worsened since. With first-q ...

SolarEdge issued downside guidance for Q2 2024 revenues of $250 million to $280 million versus $306.88 million consensus estimates. The company has been in the process of inventory clearing during typical seasonality. The spring season historically accelerates installations, and the company expects channel inventory to continue to decline as revenues improve. SolarEdge is focused on its suite of new products, which will be released in Q2 2024 and will position it for the next industry growth cycle. SolarEdg ...

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In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down the latest news for SolarEdge (SEDG 9.26%) and discuss whether investors should consider buying shares now. The residential solar market is still very, very weak, but SolarEdge is poised to boom when it recovers. *Stock prices used were from the afternoon of June 25, 2024. The video was published on July 8, 2024. ...

Key Takeaways Bank of America upgraded SolarEdge Technologies, saying the solar power equipment maker will be profitable next year. BofA Securities added that the recent slide in SolarEdge's share price was based on an "unlikely worstcase scenario." However, the bank cut the price target, noting that the whole solar power industry continues to struggle. BofA Securities raised its rating to "neutral" from "underperform," although it lowered the price target to $29 from $44. BofA Expects SolarEdge To Return T ...

Loading... Loading... Shares of SolarEdge Technologies Inc SEDG spiked in early trading on Monday, after plummeting over the past month on the company's announcement of a $300 million private offering. The stock is trading at five-year lows, following the second-quarter guidance miss, underperforming Enphase Energy Inc ENPH and its solar peers by around 50% year to date, according to BofA Securities. The SolarEdge Technologies Analyst: Dimple Gosai upgrades the rating from Underperform to Neutral, while sla ...

About this content Use of technology Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

SEDG stock is down 17.1% as of Tuesday morning. This comes alongside more than 7 million shares changing hands. For comparison, the company's daily average trading volume is about 2.3 million shares. SolarEdge (NASDAQ:SEDG) stock is taking a beating on Tuesday after the company announced that one of its customers has filed for bankruptcy. This has investors in SEDG stock worried about whether the company will ever see that payment. SolarEdge says it will be closely watching the bankruptcy filing but says th ...

SolarEdge Technologies said one of its customers has filed for bankruptcy and likely won't be able to pay the $11.4 million it owes. In addition, the company warned that it expects that it spent $150 million in free cash in the current quarter. SolarEdge also announced it is selling $300 million in convertible notes. SolarEdge wrote in a Securities and Exchange Commission (SEC) filing Monday that PM&M Electric, a solar panel installer in Arizona, owes the company $11.4 million, and noted that while it is mo ...