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SolarEdge shares sink after company offers weak Q4 guidance

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The company warned Wall Street in October to expect a weaker third quarter and softer fourth-quarter guidance.

Earlier in October, the company warned Wall Street of its weak third quarter and soft fourth-quarter guidance.$725 million vs. $768 million expected by LSEG

SolarEdge CEO Zvi Lando said in a Wednesday statement that the third-quarter disappointment is a reflection of "a slow market environment, which has resulted in high inventory of our products in the distribution channels—in particular in Europe."

 

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