Analysts bail on solar stocks after SolarEdge warning of weak earnings

📆 20/10/2023 11:36 a. m.
📰 CNBC

⏱ Reading Time:
8 sec. here
2 min. at publisher
📊 Quality Score:
News: 6%
Publisher: 72%

Colombia Noticias Noticias

Colombia Últimas Noticias,Colombia Titulares

Several analysts slashed their price targets and ratings on SolarEdge stock after the company delivered crushing news about waning demand.

Solaredge 's warning on Thursday of weakening European demand was another red flag following what has already been a tumultuous year for the solar industry. "During the second part of the third quarter of 2023, we experienced substantial unexpected cancellations and pushouts of existing backlog from our European distributors," said SolarEdge CEO Zvi Lando in a statement .

Meta is the ‘cheapest high-quality tech stock’ despite monster rally, says Evercore's Mark Mahaney. Why he thinks it can move even higher

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

Escribir Comentario

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Solar stocks tumble to 3-year low as Solaredge drops 25% on demand warningSolar stocks, which have already had a difficult year, fell to their lowest levels in three years on Friday.
Fuente: CNBC - 🏆 12. / 72 Leer más »