SolarEdge Expects Q3 Revenues Of $880M-$920M, Consensus $1.05B
Portfolio Pulse from Benzinga Newsdesk
SolarEdge (SEDG) has projected its Q3 revenues to be between $880M and $920M, which is below the consensus estimate of $1.05B.
August 04, 2023 | 10:22 am
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NEGATIVE IMPACT
SolarEdge's lower than expected Q3 revenue forecast could negatively impact its stock price.
SolarEdge's projected Q3 revenues are significantly lower than the consensus estimate. This could lead to a negative market reaction, potentially causing a drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100