SolarEdge Earnings Show the Industry’s Struggles. What Wall Street Is Saying.
SolarEdge Technologies stock dropped Thursday after the solar panel company provided disappointing guidance as the industry remains challenged by high interest rates. SolarEdge said after the stock market close Wednesday that it expects second-quarter revenue to come in between $250 million and $280 million. For the first quarter, SolarEdge reported an adjusted loss of $1.90 a share, steeper than Wall Street’s forecast for a per-share loss of $1.56 a share.