SolarEdge Technologies shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results and issued Q3 revenue guidance below estimates. Also, Piper Sandler maintained a Neutral rating on the stock and lowered its price target from $29 to $25.
Portfolio Pulse from Benzinga Newsdesk
SolarEdge Technologies shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results and issued Q3 revenue guidance below estimates. Piper Sandler maintained a Neutral rating on the stock and lowered its price target from $29 to $25.
August 08, 2024 | 11:28 am
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NEGATIVE IMPACT
SolarEdge Technologies shares are trading lower due to worse-than-expected Q2 adjusted EPS results and lower Q3 revenue guidance. Piper Sandler also lowered its price target from $29 to $25 while maintaining a Neutral rating.
The disappointing Q2 EPS results and lower-than-expected Q3 revenue guidance are likely to negatively impact investor sentiment. Additionally, Piper Sandler's reduced price target reinforces the negative outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100