SolarEdge Plunges on Weak Q3 Results and Reduced Outlook Driven by Europe Slowdown
-
SolarEdge reported disappointing Q3 results and outlook, leading to lowered revenue and margin expectations.
-
Q4 guidance shows sharp slowdown in European solar demand and increasing commoditization.
-
Normalized revenue expected to be $600-700 million per quarter based on weak demand.
-
2025 revenue expectations reduced by 30% due to overly optimistic European growth assumptions.
-
Morningstar analyst lowered fair value estimate for SolarEdge from $147 to $75 due to reduced long-term outlook.