SolarEdge Stock Has 48% Upside, According to 1 Wall Street Analyst
SEDGSolarEdge(SEDG) The Motley Fool·2024-02-28 19:20

Investors in SolarEdge Technologies (SEDG 3.37%), a leading manufacturer of inverters that convert solar energy into usable electric current, had a bad week last week. Reporting earnings Tuesday evening, SolarEdge was forced to admit that its quarterly sales declined 65% year over year, while its year-ago profit flipped to a loss in Q4 2023 -- $2.85 per share in net losses. But hey, the news wasn't all bad. While admitting that end-market demand looks weak, and SolarEdge is suffering from overstuffed invent ...