SolarEdge Sees Q2 2024 Revenue $250M-$280M Vs $305M Estimate
Portfolio Pulse from Benzinga Newsdesk
SolarEdge Technologies, Inc. (SEDG) forecasts its Q2 2024 revenue to be in the range of $250M-$280M, which is below the market estimate of $305M. This projection indicates a potential shortfall in expected revenue, suggesting a cautious outlook for the company's financial performance in the near term.
May 08, 2024 | 9:53 pm
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SolarEdge's projected Q2 2024 revenue of $250M-$280M is significantly lower than the expected $305M, indicating potential challenges ahead.
The projected revenue shortfall for SolarEdge in Q2 2024 suggests that the company may face operational or market challenges, leading to a potential decrease in investor confidence and a negative impact on the stock price in the short term.
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