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Aug 2, 2023 7:58 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
SolarEdge Technologies (NASDAQ:SEDG) shares dropped more than 18% intra-day today following the release of a weaker-than-expected sales outlook for Q3.
In its Q2 report, SolarEdge surpassed analyst expectations for earnings per share, reporting $2.79 compared to the estimated $2.53. However, the revenue figure for the quarter came in at $991.29 million, which was in line with the consensus of $992.39 million.
Despite delivering strong performance in the European residential and commercial solar segments during the second quarter, the company's Q3 sales outlook fell short of market expectations. SolarEdge anticipates revenue for the current quarter to be around $900 million.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...