SolarEdge Technologies, Inc. (NASDAQ:SEDG) shares are trading higher. The company announced plans to cease all activities of its energy storage division and reduce its workforce by about 500 employees. Here's what you need to know.

SEDG to shut down Energy Storage division to focus on core solar operations, resulting in 500 job cuts and charges of $81-$99M.

As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at renewable energy stocks, starting with First Solar (NASDAQ:FSLR).

Enphase Energy Inc. revealed that its Solargraf software comes with a new artificial intelligence-powered do-it-yourself permitting feature for its customers in the US. Given the benefits of this new feature, is now the time to consider the stock?

U.S. election results and inflation concerns pressure renewable energy stocks. Morgan Stanley downgrades key clean tech players while backing GE Vernova and First Solar.

Let’s dig into the relative performance of SolarEdge (NASDAQ:SEDG) and its peers as we unravel the now-completed Q3 renewable energy earnings season.

Uncertainty around clean energy incentives and rising interest rates punished these clean energy leaders.

Trump's election win and GOP control of Congress doesn't bode well for solar and other clean energy stocks.

A new presidential administration could bring headaches for renewable energy.

SolarEdge Technologies reported worse-than-expected third-quarter results on Wednesday and analysts are weighing in on what is next for the company.

Shares of solar power systems company SolarEdge (NASDAQ:SEDG) fell 22.3% in the morning session after the company reported underwhelming third-quarter earnings. Its revenue guidance for the next quarter missed, and its revenue fell short of Wall Street's estimates. Notably, the company wrote down $612 million in inventory, reflecting lowered demand, particularly in Europe. As a result, SolarEdge implemented price cuts and promotional discounts to compete in this market, which is likely to result in a shortfall in its margins. Lastly, the company called out seasonal weakness heading into the winter. Overall, this was a challenging quarter for the business, with little reasons for investors to stay positive.

Solar stocks got a lot cheaper this week. You still shouldn't buy them.

First Solar may be presenting a buy opportunity after shares fell following its most recent earnings report as well as the U.S. presidential election.

SEDG earnings call for the period ending September 30, 2024.

Solar power systems company SolarEdge (NASDAQ:SEDG) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 64% year on year to $260.9 million. Next quarter’s revenue guidance of $190 million underwhelmed, coming in 38.9% below analysts’ estimates. Its non-GAAP loss of $15.33 per share was also 837% below analysts’ consensus estimates.

SolarEdge Q3 revenues miss expectations, with analysts flagging cash flow issues, inventory writedowns, and the need for cost cuts.

SolarEdge Technologies reported lower third-quarter results with revenues of $260.9 million and adjusted EPS loss of $(15.33). The company also announced a $1.03 billion write-down and impairment of assets. Fourth quarter outlook is lower than consensus.