It's Time to Worry About SolarEdge Stock

By Travis Hoium – Jan 23, 2024 at 1:00PM

NASDAQ: SEDG

SolarEdge Technologies

Market Cap

$3B

Today's Change

(2.81%) $1.59

Current Price

$58.20

Price as of April 26, 2024, 4:00 p.m. ET

Monday's layoffs were a bad sign for SolarEdge.

SolarEdge (SEDG 2.81%) announced layoffs on Monday and showed the company's weakness in the solar market. Not only is revenue dropping, but margins are also declining, and manufacturing workers are now losing their jobs.

In this video, Travis Hoium shows why this is impacting SolarEdge more than other solar companies.

*Stock prices used were end-of-day prices of Jan. 22, 2024. The video was published on Jan. 22, 2024.

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.