SolarEdge Announces First Quarter 2024 Financial Results [Yahoo! Finance]
SolarEdge Technologies, Inc. (SEDG)
Last solaredge technologies, inc. earnings: 2/19 04:05 pm
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Source: Yahoo! Finance
First Quarter 2024 Highlights Revenues of $204.4 million Revenues from solar segment of $190.1 million GAAP gross margin of negative 12.8% Non-GAAP gross margin of negative 6.5%, including 4.5% of net IRA benefit Gross margin from solar segment of negative 3.5% GAAP operating loss of $173.7 million Non-GAAP operating loss of $122.5 million GAAP net loss of $157.3 million Non-GAAP net loss of $108.6 million GAAP net loss per share of $2.75 Non-GAAP net loss per share of $1.90 946 Megawatts (AC) of inverters shipped 128 MWh of batteries for PV applications shipped "Our first quarter results were aligned with our expectations of inventory clearing and typical seasonality," said Zvi Lando, Chief Executive Officer of SolarEdge. "As we enter spring when installations historically tend to rise, we expect channel inventory to continue to decline and revenues to improve. In parallel, we are focused on a suite of new products that we plan to release in the next seve
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SEDG
News
- SolarEdge’s Annual Sustainability Report Highlights 40M Metric Tons of CO2e Avoided Annually Through Usage of its Solar SolutionsBusiness Wire
- SolarEdge Technologies, Inc. (NASDAQ: SEDG) had its price target lowered by analysts at Wells Fargo & Company from $81.00 to $62.00. They now have an "equal weight" rating on the stock.MarketBeat
- SolarEdge Technologies, Inc. (NASDAQ: SEDG) was downgraded by analysts at Northland Capmk from a "strong-buy" rating to a "hold" rating.MarketBeat
- SolarEdge Technologies, Inc. (NASDAQ: SEDG) was downgraded by analysts at Susquehanna from a "positive" rating to a "neutral" rating. They now have a $56.00 price target on the stock.MarketBeat
- US$71.97: That's What Analysts Think SolarEdge Technologies, Inc. (NASDAQ:SEDG) Is Worth After Its Latest Results [Yahoo! Finance]Yahoo! Finance
SEDG
Earnings
- 5/8/24 - Beat
SEDG
Sec Filings
- 5/9/24 - Form 10-Q
- 5/8/24 - Form 8-K
- 4/26/24 - Form DEFA14A
- SEDG's page on the SEC website