SolarEdge tumbles on weak first quarter guidance


A SolarEdge Technologies logo is seen on a smartphone and a PC.

Pavlo Gonchar | SOPA Images | LightRocket | Getty Images

SolarEdge‘s stock tumbled Tuesday after the company gave weak guidance for the first quarter.

SolarEdge expects revenues of $175 million to $215 million for the first three months of 2024, well below Wall Street’s expectations of $406 million. The company shares fell as much as 18% in extended trading.

Here’s what SolarEdge reported for the fourth quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:

  • Loss per share: 92 cents adjusted, vs. $1.17 expected.
  • Revenues: $316 million, vs. $354 million…

Source cnbc.com

0 0 votes
Article Rating

Bank of England rate cuts likely later but larger, Goldman Sachs says

Previous article

Israel’s GDP contracts nearly 20% in fourth quarter amid Gaza war

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Earnings