SolarEdge tumbles 18% on weak first quarter guidance
SEDGSolarEdge(SEDG) CNBC·2024-02-21 05:28

A SolarEdge Technologies logo is seen on a smartphone and a PC. SolarEdge's stock plummeted Tuesday after the company gave weak guidance for the first quarter. SolarEdge expects revenues of 175millionto175 million to 215 million for the quarter, well below Wall Street's expectations of 406million.HereswhatSolarEdgereportedforthefourthquartercomparedwithwhatWallStreetwasexpecting,basedonasurveyofanalystsbyLSEG,formerlyknownasRefinitiv:Losspershare:92centsadjusted,vs.406 million. 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 ...