Enphase Sees Soft Solar Market Rebounding Despite Weak Sales [BNN Bloomberg (Canada)]
SolarEdge Technologies, Inc. (SEDG)
Last solaredge technologies, inc. earnings: 2/19 04:05 pm
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Source: BNN Bloomberg
Enphase shares dipped 5.5% in post-market trading after the company reported first-quarter results that missed analyst expectations as US revenue fell 34% compared to the prior quarter. The weak results dragged down rival SolarEdge Technologies Inc. and home solar providers Sunrun Inc. and Sunnova Energy International Inc. The company's earnings often are seen as a bellwether for the broader industry. Investors have been looking for signs of a recovery in the home solar market that has been hurt by higher interest rates that make it more expensive for people to buy panels. California, the biggest solar market and where Enphase is based, cut payments to homes and businesses that sell excess solar power back to the grid, a move that left the industry reeling. Residential solar installations are projected to decline in the US by 13% this year, according to a report the Solar Energy Industries Association and Wood Mackenzie. “We believe Q1 was the bottom quarter,” said Enphase Chief
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- Want Better Returns? Don't Ignore These 2 Oils-Energy Stocks Set to Beat Earnings [Yahoo! Finance]Yahoo! Finance
- Enphase Sees Soft Solar Market Rebounding Despite Weak Sales [Financial Post (Toronto, Ontario, Canada)]Financial Post
- SolarEdge Technologies, Inc. (NASDAQ: SEDG) had its price target lowered by analysts at B. Riley from $133.00 to $124.00. They now have a "buy" rating on the stock.MarketBeat
- SolarEdge Technologies, Inc. (NASDAQ: SEDG) had its price target lowered by analysts at Mizuho from $106.00 to $104.00. They now have a "buy" rating on the stock.MarketBeat
- SolarEdge to Announce Financial Results for the First Quarter Ended March 31, 2024 on Wednesday, May 8, 2024Business Wire
SEDG
Earnings
- 2/20/24 - Beat
SEDG
Sec Filings
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- 4/17/24 - Form 4
- SEDG's page on the SEC website