SolarEdge shares sink 24% after company offers weak Q4 guidance

The SolarEdge logo is seen on a smartphone and a PC screen.

Pavlo Gonchar | SOPA Images | Sipa USA via AP Images

Shares of SolarEdge tumbled on Wednesday after hours, following the solar product manufacturer’s soft guidance for its fourth quarter amid demand struggles in the renewable energy sector.

Here’s how the company did:

  • Earnings per share:¬†Loss of 55 cents vs. 89 cents expected by LSEG, formerly known as Refinitiv
  • Revenue:¬†$725 million vs. $768 million expected by LSEG

This is breaking news. Please check back for updates.

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