Solar Flare: SolarEdge Stock Tumbles as Market Woes Continue

Kryptonite Guidance

I know a thing or two about taking a hit but SolarEdge's weak first quarter guidance is a real blow. Revenues of $175 million to $215 million fell well short of Wall Street's high expectations of $406 million. Ouch! That's gotta sting.

Wall Street Showdown

Loss per share and revenues for the fourth quarter missed the mark according to Wall Street expectations. SolarEdge reported a net loss of $162.4 million sending shockwaves through the solar sector. Looks like even Superman can't save the day every time.

Inventors of Inventory

SolarEdge CEO Zvi Lando revealed the company is swimming in excess inventory due to market slowdowns and high interest rates. Looks like SolarEdge is having a little trouble keeping up with the demand. Maybe they need some of my super speed to clear that inventory backlog.

Brighter Days Ahead?

Lando predicts the European solar market will bounce back in the first quarter while the U.S. market holds out for lower interest rates. With a workforce reduction manufacturing site closures and business exits on the horizon SolarEdge seems poised to weather the storm.