SolarEdge reports Q3 EPS ($15.33), consensus ($1.63)
The Fly

SolarEdge reports Q3 EPS ($15.33), consensus ($1.63)

Reports Q3 revenue $260.9M, consensus $269.38M. During Q3 SolarEdge (SEDG) undertook an asset valuation analysis which resulted in a write down and impairment of various assets. In total, the write down and impairment amount was $1.03B. The company said, “As SolarEdge weathers this difficult period in the Company’s history, we are diligently pursuing three main priorities: financial stability, recapturing market share and refocusing on our core solar and storage opportunities. We are grateful for our passionate and dedicated workforce and proud of our leadership in technological innovation, all of which I am confident will put the Company back on a profitable growth trajectory.”

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