SolarEdge tumbles 18% on weak first quarter guidance
SolarEdge(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 $175 million to $215 million for the quarter, well below Wall Street's expectations of $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.R ...