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Solaredge Technologies

All articles tagged with #solaredge technologies

SolarEdge Layoffs Trigger Solar Stock Decline
business1 year ago

SolarEdge Layoffs Trigger Solar Stock Decline

SolarEdge Technologies announced it will lay off 400 employees, including 200 in Israel, to restore profitability and ensure financial stability amid a market downturn and excess inventory. The company, which had 5,633 employees as of December 2023, has seen its shares drop 6.6% in premarket trading and nearly 66% this year. This follows a January announcement to cut 16% of its global workforce after reporting a net loss of $157 million in the first quarter.

via Yahoo Finance|
#business#financial-stability#layoffs
Stock Market Crash: 14 Stocks Already Affected, S&P 500 in Danger
finance2 years ago

Stock Market Crash: 14 Stocks Already Affected, S&P 500 in Danger

Fourteen S&P 500 stocks, including SolarEdge Technologies, Enphase Energy, and Moderna, have crashed 50% or more from their highest levels in 52 weeks, indicating that the market's troubles are largely masked by the indexes. The stock market is suffering as higher inflation eats into returns and interest rates attract investors seeking safer returns. Additionally, October is historically known for stock market crashes, and several leading stocks, such as Apple and Alphabet, are already in correction territory. Solar stocks, including SolarEdge and Enphase Energy, have been hit hard, despite expected growth in profits. Other S&P 500 stocks, such as Moderna, are also experiencing significant declines.

via Investor's Business Daily|
#enphase-energy#finance#moderna
Solar Stocks Plummet as Demand Warning Sends SolarEdge Down 30%
business2 years ago

Solar Stocks Plummet as Demand Warning Sends SolarEdge Down 30%

Solar stocks, including SolarEdge Technologies, experienced a significant drop after the company slashed its third-quarter revenue guidance due to weakened demand in Europe. SolarEdge's stock fell nearly 30%, dragging down other solar stocks and the Invesco Solar ETF. The company attributed the decline in demand to higher inventory levels and slower installation rates. This news adds to the struggles faced by solar stocks this year, which have been impacted by inflation, rate hikes, and supply chain issues. SolarEdge's stock is down nearly 75% for the year, making it one of the worst performers in the S&P 500. Analysts have also trimmed their outlook for the company and expressed broader concerns for the solar industry.

via Investor's Business Daily|
#business#european-demand#revenue-guidance
SolarEdge Technologies Holds Firm on Inverter Prices Despite Falling Panel Costs
energy2 years ago

SolarEdge Technologies Holds Firm on Inverter Prices Despite Falling Panel Costs

SolarEdge Technologies, a leading solar inverter manufacturer, has announced that it will not be reducing prices for its inverters despite a temporary dip in demand from Europe. The company is banking on the decreasing prices of solar panels to make solar installations more affordable for consumers. While energy costs in Europe have risen due to the Ukraine crisis, the drop in prices of solar panels has been a boon for consumers. Solar companies are optimistic about long-term demand for solar inverters in Europe, especially with the increasing frequency of heatwaves. SolarEdge expects strong demand heading into 2024, although it faces immediate challenges such as high inventory levels in Europe and a new metering policy in California.

via Reuters|
#demand#energy#european-market
"Stocks on the Move: Match Group, CVS, SolarEdge, AMD, Humana, Tesla, Yum! Brands, Starbucks, Kraft"
business2 years ago

"Stocks on the Move: Match Group, CVS, SolarEdge, AMD, Humana, Tesla, Yum! Brands, Starbucks, Kraft"

Match Group's stock jumps 10% after beating earnings expectations, while CVS Health rises 1.8% on strong Q2 earnings. SolarEdge Technologies falls 13.4% after missing revenue expectations, and Kraft Heinz dips 1% on mixed quarterly results. Freshworks surges over 16% after surpassing revenue and earnings estimates, prompting an upgrade from Canaccord Genuity. Meanwhile, Starbucks shares decline over 1% as the company reports lighter-than-expected sales for Q3.

via CNBC|
#business#cvs-health#freshworks