SolarEdge shares are trading lower after the company issued preliminary Q3 revenue results below estimates and lowered its non-GAAP gross margin guidance.
Portfolio Pulse from Benzinga Newsdesk
SolarEdge has issued preliminary Q3 revenue results that are below estimates and has also lowered its non-GAAP gross margin guidance. This has led to a decrease in the company's share price.
October 20, 2023 | 11:24 am
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SolarEdge's shares are trading lower due to disappointing preliminary Q3 revenue results and a decrease in non-GAAP gross margin guidance.
SolarEdge's shares are trading lower as a direct result of the company issuing preliminary Q3 revenue results that are below estimates. Additionally, the company has lowered its non-GAAP gross margin guidance, which is likely to negatively impact investor sentiment and could lead to further decreases in the share price.
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