Shares of several solar-related stocks are trading lower in sympathy with SolarEdge after the company said its Q3 revenue, gross margin and operating income will be below the low end of its prior guidance range.
Portfolio Pulse from Benzinga Newsdesk
SolarEdge has announced that its Q3 revenue, gross margin, and operating income will be below its prior guidance range. This news has negatively impacted the shares of several solar-related stocks, including ENPH, FSLR, and RUN.
October 19, 2023 | 8:31 pm
News sentiment analysis
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NEGATIVE IMPACT
Enphase Energy's stock price may be negatively impacted in the short term due to the negative news from SolarEdge.
As a company in the same sector, Enphase Energy's stock price may be negatively affected by the negative news from SolarEdge.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
First Solar's stock price may be negatively impacted in the short term due to the negative news from SolarEdge.
As a company in the same sector, First Solar's stock price may be negatively affected by the negative news from SolarEdge.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Sunrun's stock price may be negatively impacted in the short term due to the negative news from SolarEdge.
As a company in the same sector, Sunrun's stock price may be negatively affected by the negative news from SolarEdge.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
SolarEdge's lower than expected Q3 financials may negatively impact its stock price in the short term.
SolarEdge's announcement of lower than expected Q3 financials is a direct negative signal for investors, which may lead to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100