SolarEdge Technologies Inc.
SEDG-
SolarEdge plunged 20% to $67.37 after the solar inverter maker reported weaker-than-expected revenue, but losses narrowed in the fourth quarter.
Revenue in the fourth quarter declined to $316 million from $890.7 million, net income swung to a loss of $162.4 million from $20.8 million, and diluted earnings per share were ($2.85) compared to a profit of 36 cents a year ago.
Revenue in 2023 increased to $2.97 billion from $1.96 billion, net income decreased to $34.3 million from $169.2 million, and diluted earnings per share declined to 60 cents from $3.06 a year ago.
Feb 21, 2024 -
SolarEdge Technologies Inc. dropped 10.5% to $67.65 after the company reported weaker-than-expected sales in the third quarter and forecasted more weakness in the fourth quarter.
Revenue in the third quarter declined to $725 million and loss per share was 55 cents, and the company guided fourth quarter sales to drop in the range between $275 million and $320 million.
The demand for home solar installations nosedived on rising interest rates after California cut the compensation rate for solar incentive programs in April.
California is expected to announce similar compensation cuts for multifamily, farm, and school buildings, which could further dampen the demand.
Peloton Interactive Inc. dropped 6.5% to $4.50 after the company reported a wider-than-expected loss.
Revenue in the quarter fell 3% to $595.1 million from $616.5 million; net loss shrank to $159.1 million from $408.5 million; and diluted loss per share shrank to 44 cents from $1.20 a year ago.
The company forecasted revenue in the fiscal 2024 second quarter ending December in the range of $715 million and $750 million, a decrease of 8% from the midpoint of $793 million a year ago.
Nov 2, 2023
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| Trading Volume | 83,349 |
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162.57 - 21.20 |
| Market Cap Full | $ 1.4B |
Quarterly +
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Q1 | 12.4% | -24.1% | 7.3% | 14.9% |
| Q2 | - | -64.4% | -11.5% | -15.1% |
| Q3 | - | -14.2% | -51.9% | -15.4% |
| Q4 | - | -4.7% | -23.6% | 22.4% |
Monthly +
| J | F | M | A | M | J | J | A | S | O | N | D |
| 2025 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 12.4 | - | - | - | - | - | - | - | - | - | - | - |
| 2024 | |||||||||||
| -29 | 1 | 5.8 | -21.4 | -11.5 | -48.9 | 15.2 | -14.2 | - | - | - | - |
| 2023 | |||||||||||
| 12.7 | -0.4 | -4.4 | -6 | -0.3 | -5.5 | -10.3 | -32.7 | -20.3 | -41.4 | 4.5 | 17.9 |
| 2022 | |||||||||||
| -15.1 | 31.7 | 2.8 | -22.3 | 8.9 | 0.3 | 31.6 | -23.4 | -16.1 | -0.6 | 29.9 | -5.2 |
| 2021 | |||||||||||
| -9.7 | 3.5 | -3.6 | -8.3 | -2.1 | 7.1 | -6 | 11.5 | -8.5 | 33.7 | -7.6 | -14.4 |
| 2020 | |||||||||||
| 3.7 | 25.6 | -34.4 | 36.3 | 27.2 | -2.2 | 26.2 | 26.3 | 7.8 | 8.1 | 7.9 | 14.8 |
EPS
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
| Q1 | 2.4 | 0.6 | 0.6 | 0.8 |
| Q2 | 2 | 0.3 | 0.8 | 0.7 |
| Q3 | -1.1 | 0.4 | 1 | 0.8 |
| Q4 | 0 | 0.4 | 0.7 | 0.3 |
| A | 3.3 | 1.7 | 3.1 | 2.7 |