Why Solaredge Technologies (SEDG) Shares Are Falling
Portfolio Pulse from Henry Khederian
Shares of Solaredge Technologies Inc (NASDAQ:SEDG) are trading lower by 4.34% due to weak third-quarter and 2023 guidance issued by Taiwan Semiconductor. This could indicate constraints in the semiconductor industry, potentially affecting SolarEdge's ability to source necessary components for its products, leading to production delays or increased costs.
July 20, 2023 | 6:36 pm
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SolarEdge's stock price is falling due to potential constraints in the semiconductor industry, which could lead to production delays or increased costs for the company.
The weak guidance issued by Taiwan Semiconductor, a major player in the semiconductor industry, could indicate industry-wide constraints. This could affect SolarEdge's ability to source necessary components for its products, leading to production delays or increased costs, which would negatively impact the company's financial performance and stock price.
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