SolarEdge Q3 Results Miss Expectations; Analysts Warn Of Cash Flow Challenges And Need For Cost Cuts [Yahoo! Finance]
SolarEdge Technologies, Inc. (SEDG)
Last solaredge technologies, inc. earnings: 2/19 04:05 pm
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US:NASDAQ Investor Relations:
investors.solaredge.com
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Source: Yahoo! Finance
Yesterday, the company reported third-quarter results, with revenues of $260.9 million, down 2% from $265.4 million in the prior quarter and down 64% from $725.3 million in the same quarter last year. Revenues from the solar segment were $247.5 million, down 63% from $676.9 million in the same quarter last year. Here are the analysts' takes on the earnings results Piper Sandler analyst Kashy Harrison downgraded the stock to Underweight from Neutral, lowering the price forecast to $9 from $17. The analyst sees cash flow challenges ahead due to normal DSOs/DPOs, weak sales, rising U.S. manufacturing costs, European issues, and the Tesla threat. The analyst suggests a capital raise and major cost cuts are necessary for survival. Harrison widen
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News
- SolarEdge Technologies (SEDG) Rises As Market Takes a Dip: Key Facts [Yahoo! Finance]Yahoo! Finance
- SolarEdge Technologies, Inc. (NASDAQ: SEDG) was upgraded by analysts at Glj Research from a "strong sell" rating to a "strong-buy" rating.MarketBeat
- SolarEdge Stock Pops on Reported Analyst Double Upgrade [Yahoo! Finance]Yahoo! Finance
- SolarEdge Technologies, Inc. (NASDAQ: SEDG) was upgraded by analysts at The Goldman Sachs Group, Inc. from a "sell" rating to a "buy" rating. They now have a $19.00 price target on the stock, up previously from $10.00.MarketBeat
- SolarEdge Begins Shipping 'USA Edition' Home Battery, Expanding Company's End-to-End, Domestic Content Portfolio [Yahoo! Finance]Yahoo! Finance
SEDG
Earnings
- 11/6/24 - Miss
SEDG
Sec Filings
- 12/30/24 - Form 8-K
- 12/6/24 - Form 4
- 12/6/24 - Form 4
- SEDG's page on the SEC website