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SolarEdge recovery stalls on disappointing Q3 guidance
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Front - Globes
The share price of Israeli solar energy inverter systems company SolarEdge Technologies (Nasdaq: SEDG) is down 23% on Wall Street after publishing its second quarter results.
The sharp decline is mainly due to low guidance for the third quarter, and despite a relatively good performance in the second quarter.
Despite this disappointment, the actual results for the second quarter were good: revenue was $346 million, compared with $289 million in the corresponding quarter last year.
Net loss was $16 million in the second quarter but far narrower than the net loss of $115 million in the corresponding quarter of 2025.
The market cap is currently $2.3 billion, after today’s fall.