SolarEdge Says Non-GAAP Gross Margin Is Now Expected To Be Within Range Of 20.1-21.1% vs Prior Range Of 28-31%
Portfolio Pulse from Benzinga Newsdesk
SolarEdge has revised its non-GAAP gross margin forecast to be within the range of 20.1-21.1%, a significant decrease from the previous range of 28-31%.
October 19, 2023 | 8:16 pm
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SolarEdge's revised non-GAAP gross margin forecast is significantly lower than previously expected, which could negatively impact the company's profitability and stock price.
SolarEdge's revised non-GAAP gross margin forecast is significantly lower than previously expected. This suggests that the company's profitability could be negatively impacted, which could in turn affect the stock price. Investors may react negatively to this news, leading to a potential decrease in the stock price.
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