Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    StockNews24StockNews24
    Subscribe
    • Shares
    • News
      • Featured Company
      • News Overview
        • Company news
        • Expert Columns
        • Germany
        • USA
        • Price movements
        • Default values
        • Small caps
        • Business
      • News Search
        • Stock News
        • CFD News
        • Foreign exchange news
        • ETF News
        • Money, Career & Lifestyle News
      • Index News
        • DAX News
        • MDAX News
        • TecDAX News
        • Dow Jones News
        • Eurostoxx News
        • NASDAQ News
        • ATX News
        • S&P 500 News
      • Other Topics
        • Private Finance News
        • Commodity News
        • Certificate News
        • Interest rate news
        • SMI News
        • Nikkei 225 News1
    • Carbon Markets
    • Raw materials
    • Funds
    • Bonds
    • Currency
    • Crypto
    • English
      • العربية
      • 简体中文
      • Nederlands
      • English
      • Français
      • Deutsch
      • Italiano
      • Português
      • Русский
      • Español
    StockNews24StockNews24
    Home » SolarEdge Drops More Than 20% as Writedown, Forecast Disappoint
    Cryptocurrency News

    SolarEdge Drops More Than 20% as Writedown, Forecast Disappoint

    userBy userNovember 6, 2024No Comments1 Min Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    (Bloomberg) — SolarEdge Technologies Inc.’s shares plunged more than 20% after the solar-equipment maker took a $1 billion writedown and warned margins for the current quarter will be non-existent or even negative.

    Most Read from Bloomberg

    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.

    Most Read from Bloomberg Businessweek

    ©2024 Bloomberg L.P.



    Source link

    Share this:

    • Click to share on Facebook (Opens in new window) Facebook
    • Click to share on X (Opens in new window) X

    Like this:

    Like Loading...

    Related

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous Article1967 Plymouth GTX for Sale: Restored “Gentleman’s Muscle Car” with Matching Numbers
    Next Article MercadoLibre earnings missed by $2.74, revenue topped estimates By Investing.com
    user
    • Website

    Related Posts

    What Does It Mean to Be Risk Neutral as an Investor?

    January 18, 2025

    SLB boosts dividend and buybacks, but warns of oil oversupply

    January 17, 2025

    Intel Stock Soars as Takeover Speculation Spreads

    January 17, 2025
    Add A Comment

    Leave a ReplyCancel reply

    © 2025 StockNews24. Designed by Sujon.

    Type above and press Enter to search. Press Esc to cancel.

    %d