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SolarEdge Posts Narrower Losses But Disappointing Forecast Sends Stock Down
Israeli company SolarEdge reported reduced losses but a disappointing financial forecast for late 2026 caused its stock to fall 10%. The company's third-quarter revenue was $326 million with an $8 million loss, an improvement from the previous year.
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What happened
- 01SolarEdge's stock fell 10% on a disappointing 2026 forecast, despite reduced quarterly losses.
- 02The company reported a $8 million loss in Q3, an improvement from $50 million in Q3 2025.
- 03SolarEdge's year-end revenue forecast of $245-275 million missed analyst expectations.
- 04The company recently laid off approximately 50 employees in Israel to cut costs.
- 05SolarEdge is shifting focus to commercial solar systems, energy software, and data center power conversion.
However, its year-end forecast missed analyst expectations, and it recently laid off 50 employees in Israel as part of a strategic shift and cost-cutting measures.
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