SolarEdge Stock Is Falling Again. It's Not Just the Trump Win Dragging It Down.
Portfolio Pulse from
SolarEdge Technologies reported a third-quarter loss of $15.31 per share, significantly wider than expected, due to $1 billion in write-downs. This has contributed to the decline in its stock price.
November 07, 2024 | 12:45 pm
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SolarEdge Technologies reported a significant third-quarter loss of $15.31 per share, driven by $1 billion in write-downs. This unexpected loss is contributing to the decline in its stock price.
The reported loss per share is much wider than expected, primarily due to substantial write-downs. This financial performance is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100