SolarEdge Expects Q3 Revenues Of $260M - $290M, Est $357.71M
Portfolio Pulse from Benzinga Newsdesk
SolarEdge expects Q3 revenues to be between $260M and $290M, significantly below the estimated $357.71M. The company also provided guidance for non-GAAP gross margin, operating expenses, and solar segment revenues and margins.
August 07, 2024 | 10:03 pm
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SolarEdge expects Q3 revenues to be significantly below estimates, with non-GAAP gross margin potentially negative. This could lead to a short-term decline in stock price.
The revenue guidance is significantly below market expectations, and the potential for a negative gross margin indicates financial challenges. This is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100