SolarEdge Technologies Analysts Slash Their Forecasts Following Preliminary Q3 Results
Portfolio Pulse from Lisa Levin
SolarEdge Technologies Inc (NASDAQ:SEDG) reported weak preliminary Q3 results, leading to a reduction in its revenue outlook and a fall in its share price. Following this, analysts from Deutsche Bank, Roth MKM, and Goldman Sachs have downgraded the stock and lowered their price targets.
October 20, 2023 | 11:52 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
SolarEdge Technologies reported weak Q3 results, leading to a reduction in its revenue outlook and a fall in its share price. Analysts have downgraded the stock and lowered their price targets.
The weak Q3 results reported by SolarEdge Technologies have led to a reduction in its revenue outlook. This has negatively impacted the company's share price and led to analysts from Deutsche Bank, Roth MKM, and Goldman Sachs downgrading the stock and lowering their price targets. This is likely to have a negative impact on the company's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100