SolarEdge Technologies (SEDG) PT Lowered to $370 at B.Riley

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SolarEdge (SEDG) rallies 15% after strong earnings, analyst upgrade

November 8, 2022 9:16 AM EST

SolarEdge (NASDAQ: SEDG) shares are set to open sharply higher today after the company offered a stronger-than-expected forecast for its fourth-quarter gross margins.

The company reported Q3 EPS of $0.91, a large miss relative to the consensus of $1.47 due to FX headwinds and a higher tax rate. Revenue came in at $836.7 million, beating... More