solaredge-stock-tumbles-why-analysts-think-the-pain-will-be-over-soon.

SolarEdge Stock Tumbles. Why Analysts Think the Pain Will Be Over Soon.

SolarEdge Technologies ‘ stock is plummeting after it delivered mixed quarterly results, but analysts remain bullish, given strong demand for the company’s products.

SolarEdge (ticker: SEDG), which makes solar-power panels and inverters, among other energy-related products, posted adjusted earnings of 95 cents a share for the second quarter, significantly lower than the consensus of $1.38 a share among analysts tracked by FactSet. Revenue of $727.8 million was slightly lower than the consensus of $730.7 million, but revenue from its solar-power segment hit a record of $688 million, above both J.P. Morgan’s $680 million expectation and management’s previous guide.

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