SolarEdge Expects Prelim. Q3 Revenue $720M-$730M vs $909.02M Est.
Portfolio Pulse from Benzinga Newsdesk
SolarEdge has announced its preliminary Q3 revenue to be between $720M-$730M, which is significantly lower than the estimated $909.02M.
October 19, 2023 | 8:15 pm
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NEGATIVE IMPACT
SolarEdge's lower than expected preliminary Q3 revenue could negatively impact its stock price.
SolarEdge's preliminary Q3 revenue is significantly lower than the estimated $909.02M, coming in at $720M-$730M. This shortfall could lead to a negative sentiment among investors, potentially causing a drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100