SolarEdge Stock Dives After Earnings Miss, Weak Sales Guidance—Key Price Level to Monitor
SEDGSolarEdge(SEDG) Investopedia·2024-02-21 21:20

Key Takeaways SolarEdge shares tumbled in pre-market trading Wednesday after the company posted fourth-quarter results that fell short of expectations and issued weaker-than- expected sales guidance for the March quarter. The company doesn't expect to clear its backlog of inventory until the end of 2024 and anticipates the U.S. retail solar market to remain subdued until interest rates fall. The SolarEdge share price may carve out a triple bottom chart pattern if it can successfully hold a key support area ...