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home / news releases / SEDG - SolarEdge: It's Worse Than I Thought

SEDG - SolarEdge: It's Worse Than I Thought

SolarEdge Technologies Inc.

2024-05-15 07:06:10 ET

Summary

  • SolarEdge's stock has dropped by 87% from its peak, indicating a possible further decline in the near future.
  • Recent earnings have been disappointing, with a significant decline in earnings and sales.
  • The solar industry as a whole is facing challenges due to the sluggish economy and high interest rates, impacting demand and profitability.

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For further details see:

SolarEdge: It's Worse Than I Thought
Stock Information
Company Name: SolarEdge Technologies Inc.
Stock Symbol: SEDG
Market: NASDAQ
Website: solaredge.com
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