SolarEdge Stock Drops As Revenue Falls Short

SolarEdge stock plummeted Wednesday on the heels of second-quarter results that missed Wall Street revenue estimates but beat on earnings.


SolarEdge (SEDG), which makes solar-power equipment, late Tuesday reported adjusted earnings of 95 cents per share on revenue of $727.8 million. Analysts expected SolarEdge to report earnings of 88 cents per share on revenue of $731 million, according to FactSet.

SolarEdge Stock Action

SolarEdge stock plunged 19.1%, closing at 295.52 on the <a…

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