Name: SolarEdge (SEDG) Anticipates “Significantly Lower Revenues” In 4Q
Uploaded: 2023-10-20T16:25:53.939
Duration: 6 min

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Solar stocks tumble as SolarEdge (SEDG) slashes guidance. Its 3Q guidance sees revenue between $720M to $730M versus a previous of $880M-$920M. SEDG’s non-gaap operating income is expected to be $12M-$31M versus a previous of $115M-$135M. Caroline Woods discusses this and compares SEDG to other solar stocks including RUN, FSLR, and ENPH. She also talks about how Goldman Sachs and Deutsche Bank downgraded the stock. Tune in to find out more about the stock market today.

SolarEdge (SEDG) Anticipates “Significantly Lower Revenues” In 4Q

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