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…