SolarEdge Plunges as Writedown, Forecast Disappoint

3
Comment
Favorite

SolarEdge Plunges as Writedown, Forecast Disappoint

Bloomberg11-07

SolarEdge Technologies Inc.’s shares plunged more than 22% after the solar-equipment maker took a $1 billion writedown and warned margins for the current quarter will be non-existent or even negative....

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2481965742?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-07 09:18","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481965742","market":"us","top_or_hot":-1,"title":"SolarEdge Plunges as Writedown, Forecast Disappoint","media":"Bloomberg","content":"<div>\n<p>SolarEdge Technologies Inc.’s shares plunged more than 22% after the solar-equipment maker took a $1 billion writedown and warned margins for the current quarter will be non-existent or even negative....</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-11-06/solaredge-drops-more-than-20-as-writedown-forecast-disappoint\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SolarEdge Plunges as Writedown, Forecast Disappoint</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSolarEdge Plunges as Writedown, Forecast Disappoint\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-07 09:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-11-06/solaredge-drops-more-than-20-as-writedown-forecast-disappoint><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SolarEdge Technologies Inc.’s shares plunged more than 22% after the solar-equipment maker took a $1 billion writedown and warned margins for the current quarter will be non-existent or even negative....</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-11-06/solaredge-drops-more-than-20-as-writedown-forecast-disappoint\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2249611893.SGD","symbol_name":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2024-11-06/solaredge-drops-more-than-20-as-writedown-forecast-disappoint","article_id":"2481965742","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481965742","pubTimestamp":1730942320,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"SolarEdge Technologies Inc.’s shares plunged more than 22% after the solar-equipment maker took a $1 billion writedown and warned margins for the current quarter will be non-existent or even negative.Third-quarter sales and per-share profit underperformed analysts’ estimates, according to a statement Wednesday. Current-quarter revenue also will fall below expectations, the company said.The shares fell 22% to $14.675 in New York, extending the year-to-date loss to 84%. Even for a historically vol","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4588":"碎股","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","LU0823414478.USD":"法巴经典能源转换基金","SEDG":"SolarEdge Technologies, Inc.","BK4519":"光伏太阳能","BK4585":"ETF&股票定投概念","BK4147":"半导体设备"},"translate_title":"SolarEdge因减记而暴跌，预测令人失望","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SEDG":1},"content_text":"SolarEdge Technologies Inc.’s shares plunged more than 22% after the solar-equipment maker took a $1 billion writedown and warned margins for the current quarter will be non-existent or even negative.Third-quarter sales and per-share profit underperformed analysts’ estimates, according to a statement Wednesday. Current-quarter revenue also will fall below expectations, the company said.The shares fell 22% to $14.675 in New York, extending the year-to-date loss to 84%. Even for a historically volatile stock like SolarEdge, Wednesday’s decline was significant, representing a shift of more than two standard deviations.The company attributed the $1.03 billion writedown to the declining value of various assets after a valuation analysis.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"express","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}