Oppenheimer Downgrades SolarEdge Technologies (SEDG) to Perform, 'Channel Correction Worsens'

SolarEdge Technologies (SEDG) PT Lowered to $140 at TD Cowen

October 20, 2023 6:27 AM EDT

TD Cowen analyst Jeffrey Osborne lowered the price target on SolarEdge Technologies (NASDAQ: SEDG) to $140.00 (from $176.00) while maintaining a Outperform rating.... More

SolarEdge Technologies (SEDG) PT Lowered to $187 at Citi

October 20, 2023 6:10 AM EDT

Citi analyst Vikram Bagri lowered the price target on SolarEdge Technologies (NASDAQ: SEDG) to $187.00 (from $248.00) while maintaining a Buy rating.... More

SolarEdge Technologies (SEDG) PT Lowered to $190 at Wells Fargo

October 20, 2023 5:50 AM EDT

Wells Fargo analyst Praneeth Satish lowered the price target on SolarEdge Technologies (NASDAQ: SEDG) to $190.00 (from $253.00) while maintaining a Overweight rating.... More

Goldman Sachs Downgrades SolarEdge Technologies (SEDG) to Neutral, 'significant deterioration in visibility'

October 20, 2023 5:06 AM EDT

(Updated - October 20, 2023 5:07 AM EDT)

Goldman Sachs analyst Brian Lee downgraded SolarEdge Technologies (NASDAQ: SEDG) from Buy to Neutral with a price target of $131.00 (from $254.00).

The analyst comments "We downgrade shares of SEDG to Neutral and cut our estimates and price target... More

SolarEdge Technologies (SEDG) option implied volatility into lowering revenue guidance

October 20, 2023 4:14 AM EDT

SolarEdge Technologies (NASDAQ: SEDG) 30-day option implied volatility is at 84; compared to its 52-week range of 41 to 95 into lowering revenue guidance.

... More

Exane BNP Paribas Starts SolarEdge Technologies (SEDG) at Outperform

October 20, 2023 3:41 AM EDT

Exane BNP Paribas analyst Moses Sutton initiates coverage on SolarEdge Technologies (NASDAQ: SEDG) with a Outperform rating and a price target of $140.00.

For an analyst ratings summary and ratings history on SolarEdge Technologies... More

SolarEdge Technologies (SEDG) PT Lowered to $129 at Wolfe Research

October 20, 2023 3:29 AM EDT

Wolfe Research analyst Steve Fleishman lowered the price target on SolarEdge Technologies (NASDAQ: SEDG) to $129.00 (from $187.00) while maintaining a Outperform rating.... More

Roth/MKM Downgrades SolarEdge Technologies (SEDG) to Neutral, 'We expect EU/US resi challenges to continue'

October 20, 2023 12:59 AM EDT

(Updated - October 20, 2023 3:28 AM EDT)

Roth/MKM analyst Philip Shen downgraded SolarEdge Technologies (NASDAQ: SEDG) from Buy to Neutral with a price target of $100.00 (from $280.00).

The analyst comments "After market yesterday, SEDG preannounced Q3 results to the downside (see here). Management... More

After-hours movers: SolarEdge plunges on Q3 warning, takes other solar stocks with it

October 19, 2023 5:47 PM EDT

After-Hours Stock Movers:

Amwell (NYSE: AMWL) 23% HIGHER; Amwell and Leidos (NYSE: LDOS) was recently awarded a next-generation contract to provide a hybrid care technology platform designed to power the Digital First transformation of... More

SolarEdge shares crash on Q3 warning; Several analysts cut rating on limited visibility

October 19, 2023 4:57 PM EDT

(Updated - October 20, 2023 5:23 AM EDT)

SolarEdge Technologies (NASDAQ: SEDG) shares plunged about 25% in pre-market Friday trade after the solar company reported preliminary financial results for Q3.

The revenue for the quarter is now seen at $720-$730 million, down from the previous expectation of $880-$920M, compared to the consensus estimate of... More

Solar stocks on watch after SolarEdge warns for Q3

October 19, 2023 4:15 PM EDT

Solar stocks on watch after SolarEdge Technologies (NASDAQ: SEDG) warned for Q3:

SEDG sees third quarter revenue is now expected to be in the range of $720 million to $730 million, compared to the previous expectation of $880 million to $920 million.Enphase Energy... More

Deutsche Bank Downgrades SolarEdge Technologies (SEDG) to Hold, 'Our rating change is justified by the current softness'

October 19, 2023 4:15 PM EDT

(Updated - October 19, 2023 4:18 PM EDT)

Deutsche Bank analyst Corinne Blanchard downgraded SolarEdge Technologies (NASDAQ: SEDG) from Buy to Hold with a price target of $150.00 (from $300.00).

The analyst comments "We downgrade SolarEdge to HOLD (from BUY previously) and our price target is now $150, based on 15x 2024E P/E, which seems appropriate... More

SolarEdge Technologies (SEDG) sinks 15% after warning for Q3

October 19, 2023 4:13 PM EDT

SolarEdge Technologies (NASDAQ: SEDG) sinks 19% after warning for Q3:

Third quarter revenue is now expected to be in the range of $720 million to $730 million, compared to the previous expectation of $880 million to $920 million.

... More

SolarEdge Technologies (SEDG) Lowers Prelim Q3 Revenue to $720-$730M

October 19, 2023 4:12 PM EDT

SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today provided selected preliminary unaudited financial results for the third quarter ended September 30, 2023.

During the second part of the third quarter of 2023, we experienced substantial unexpected cancellations and pushouts of existing backlog from our European distributors, said Zvi Lando, Chief Executive Officer of SolarEdge. We attribute these cancellations and pushouts to higher than expected inventory in the channels and slower than expected installation rates. In particular, installation rates for the third quarter were much slower at the end of the summer and in... More