Shares of SolarEdge Technologies Inc. charged higher in early Monday trading, after the solar-power-equipment maker said its chief executive of the past five years, Zvi Lando, has stepped down.
Zvi Lando, chief executive officer of SolarEdge, stepped down, effective today, but will remain on the board of the solar-equipment maker.
SolarEdge Technologies is thriving amidst supply chain disruptions through government support and a growing customer base. The company is well-positioned to benefit from the intention to cut interest rates, resulting in affordable borrowing costs. SolarEdge is recovering from fierce competition, with a positive earnings review and valuation, making it a good investment option.
SolarEdge Technologies, Inc. (NASDAQ:SEDG ) Canaccord Genuity's 44th Annual Growth Result Conference August 13, 2024 4:00 PM ET Company Participants J.B. Lowe - Head of Investor Relations Conference Call Participants Austin Moeller - Canaccord Austin Moeller Hi, good afternoon, everyone.
The residential solar market is recovering, but SolarEdge isn't seeing the benefit.
SolarEdge Technologies' (SEDG) second-quarter loss widens. Its revenues decline 73.2% year over year, driven by lower revenues from its solar segment.
Call Start: 16:30 January 1, 0000 5:58 PM ET SolarEdge Technologies, Inc. (NASDAQ:SEDG ) Q2 2024 Earnings Conference Call August 7, 2024 16:30 ET Company Participants J.B. Lowe - Head of Investor Relations Zvi Lando - Chief Executive Officer Ronen Faier - Chief Financial Officer Conference Call Participants Philip Shen - ROTH Capital Partners Brian Lee - Goldman Sachs Mark Strouse - JPMorgan Colin Rusch - Oppenheimer Andrew Percoco - Morgan Stanley Dimple Gosai - Bank of America Jordan Levy - Truist Securities Corinne Blanchard - Deutsche Bank Dylan Nassano - Wolfe Research Chris Dendrinos - RBC Capital Markets Christine Cho - Barclays Kashy Harrison - Piper Sandler Jon Windham - UBS Joseph Osha - Guggenheim Partners Julien Dumoulin-Smith - Jefferies Andrew Steinhardt - Canaccord Austin Moeller - Canaccord Operator Hello and welcome to the SolarEdge Conference Call for the Second Quarter ended June 30, 2024.
SolarEdge Technologies (SEDG) came out with a quarterly loss of $1.79 per share versus the Zacks Consensus Estimate of a loss of $1.60. This compares to earnings of $2.62 per share a year ago.
SolarEdge (SEDG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
24/7 Wall St. Insights Analysts have not given up on tech stocks.
SolarEdge Technologies (SEDG) closed at $27.01 in the latest trading session, marking a +0.75% move from the prior day.
SolarEdge Technologies (NASDAQ: SEDG ) stock is down 90% from where it stood one year ago. Not only does it mean the business has fallen on hard times but there are likely few investors left after the rout.