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SolarEdge's Results Go From Bad to Worse

Preliminary results leave a lot to be desired at SolarEdge.

By Travis Hoium – Oct 21, 2023 at 9:14AM EST

SolarEdge Technologies (SEDG +1.04%) stock cratered this week after the company released preliminary third-quarter 2023 financial results. Not only is revenue expected to be below expectations, but the company is also likely to lose money in the quarter.

In this video, Travis Hoium covers the dynamics plaguing SolarEdge and why there isn't going to be a recovery anytime soon. Higher interest rates and installer pressure could fundamentally change SolarEdge's profit profile long term.

*Stock prices used were end-of-day prices of Oct. 18, 2023. The video was published on Oct. 20, 2023.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has positions in SunPower. The Motley Fool has positions in and recommends Enphase Energy. The Motley Fool recommends SolarEdge Technologies. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. 

Stocks Mentioned

SolarEdge Technologies Stock Quote
SolarEdge Technologies
NASDAQ: SEDG
$41.95
(+1.04%)+$0.43
Enphase Energy Stock Quote
Enphase Energy
NASDAQ: ENPH
$33.93
(+4.27%)+$1.39

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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