Tag: SolarEdge

SolarEdge Stock Plunges As Sales, Outlook Fall Short Of Estimates

SolarEdge Technologies (SEDG) on Tuesday reported a narrower-than-expected loss for the fourth quarter but fell short of estimates for sales. SolarEdge stock sank as the company also offered a lighter sales forecast than anticipated. X The manufacturer of solar inverters on Tuesday posted an adjusted loss of 92 cents per share on sales of $316 […]

SolarEdge Will Cut 16% Of Jobs Amid Plunging Demand

SolarEdge Technologies (SEDG) will cut 900 jobs, or 16% of its workforce, the solar power company announced Sunday, as demand continues to plunge. X The Israeli solar power inverter maker will cut 550 jobs in its home count. SolarEdge previously forecast Q4 2023 revenue to come in at $325 million, down 55% vs. Q3 and […]