SolarEdge TechnologiesNASDAQ: SEDG

SolarEdge Technologies, Inc. SEDG shares are trading relatively flat on Thursday.

After the close of Wednesday's regular session, leading solar inverter system supplier SolarEdge Technologies reported another set of disappointing quarterly results. While revenues came in at the very low end of the previously provided guidance range, margins and inventory levels were impacted by an eye-catching $1.025 billion in impairment charges. Elevated cash usage continued during the quarter, thus resulting in an additional $100+ million reduction of the company's net cash position.

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

The latest trading day saw SolarEdge Technologies (SEDG) settling at $16.89, representing a +0.72% change from its previous close.

MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge” or “the Company”) (NASDAQ: SEDG), a global leader in smart energy technology, today announces that its portfolio of PV inverters has achieved early certificationi and compliance with the European Commission's New Radio Equipment Directive (RED) Article 3.3 requirements for cyber security. Expected to come into effect in August 2025, the Article 3.3 establishes a new regulatory framework for radio equipment and imposes.

SolarEdge Technologies (SEDG) concluded the recent trading session at $20.13, signifying a -0.64% move from its prior day's close.

Elon Musk is at it again, igniting the solar conversation with a tweet Tuesday.

SolarEdge's revenue has stabilized, with multiple positive catalysts including normalized U.S. inventories, rebounding European demand, and rising U.S. electricity prices. The valuation of SEDG stock is low, and despite some risks facing the company, the balance sheet situation is manageable, making it a buy for risk-tolerant, long-term investors. SolarEdge's Q2 revenue increased sequentially, driven by strong U.S. residential market sales and improved commercial sales, despite a year-over-year decline.

SolarEdge Technologies (SEDG) shares tumbled in early trading Tuesday, before rebounding later in the session after Jefferies downgraded the stock, pointing to tough competition in the solar power industry.