What's Going On With SolarEdge Stock?
Portfolio Pulse from Henry Khederian
SolarEdge Technologies (NASDAQ:SEDG) shares are trading lower by roughly 1.16% to $180.52. The stock has dropped by 24% over the past five sessions following the company's weak third-quarter guidance. Despite reporting better-than-expected Q2 earnings and sales, the company's Q3 revenue guidance of $880 million to $920 million falls short of the consensus estimate of $1.05 billion.
August 07, 2023 | 5:58 pm
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SolarEdge's stock is trading lower following the company's weak Q3 guidance, despite better-than-expected Q2 earnings and sales.
SolarEdge's stock is trading lower due to the company's weak Q3 guidance, which falls short of the consensus estimate. This is despite the company reporting better-than-expected Q2 earnings and sales. The weak guidance suggests that the company may not perform as well in the next quarter, which could negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100