Tag: $SolarEdge

SolarEdge Technologies stock was rising Monday after the solar-equipment maker announced that its chief executive officer has stepped down.

SolarEdge Technologies Inc reported second quarter EPS of $-1.79, $0.27 worse than the analyst estimate of $-1.52. Revenue for the quarter came in at $265.4M versus the consensus estimate of $264.31M.

SolarEdge Technologies stock was falling Tuesday after the solar panel company announced that one of its customers has filed for bankruptcy.

SolarEdge expects revenues of $175 million to $215 million for the first quarter, well below Wall Street’s expectations of $406 million.

SolarEdge Technologies  opens new tab said on Sunday it would lay off about 16% of its global workforce in an attempt to reduce operating costs.

Solar stocks tumbled on Friday after solar product manufacturer SolarEdge
warned that demand in Europe has significantly weakened, furthering battering sentiment on the renewable energy sector amid a difficult year.