Why SolarEdge Stock Is Trading Lower Today
SolarEdge Technologies (NASDAQ:SEDG) shares are trading lower after the company reported worse-than-expected Q1 EPS results.
The company also issued Q2 sales guidance of $445 million to $465 million, versus the $446.81 million estimate.
SolarEdge Technologies Inc together with its subsidiaries designs develops and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations.
The stock was trading 13.60% lower at $224.70 per share at the time of writing. The stock has a 52-week high of $377 and a 52-week low of $105.
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