SolarEdge (NASDAQ:SEDG) Beats Q4 Sales Targets, Stock Soars
Solar power systems company SolarEdge (NASDAQ:SEDG) reported Q4 CY2024 results topping the market’s revenue expectations, but sales fell by 37.9% year on year to $196.2 million. On the other hand, next quarter’s revenue guidance of $205 million was less impressive, coming in 1.3% below analysts’ estimates. Its non-GAAP loss of $3.52 per share was significantly below analysts’ consensus estimates.