SolarEdge Plunges on Sharp Sales Drop and Losses Amid Industry Headwinds
- SolarEdge's quarterly sales plunged 60% year-over-year to $316 million
- The company swung to a $162.4 million net loss compared to a $21 million profit a year ago
- Gross margin from the solar segment dropped dramatically to just 4%
- First quarter revenue guidance of $175-$215 million falls well below expectations
- SolarEdge shares have lost 72% over the past year due to industry headwinds