SolarEdge Shares Surge After Revenue Beats Expectations Despite Larger Loss

The solar technology company exceeded revenue forecasts in Q4 2024, signaling potential recovery despite ongoing challenges in the renewable energy sector.

• SolarEdge reported Q4 2024 revenue of $196.2 million, surpassing the consensus estimate of $189.25 million but marking a 17% year-over-year decline.
• The company posted an adjusted loss of $3.52 per share, significantly wider than the expected $1.50 loss per share, driven by impairment charges and write-offs.
• SolarEdge shares rose as much as 28% in intraday trading, reflecting investor optimism fueled by revenue performance and in-line Q1 guidance.
• Q1 2025 guidance projects revenue between $195 million and $215 million, with a non-GAAP gross margin of 6% to 10%, signaling cautious optimism for operational improvement.
• The solar sector continues to face headwinds, including high interest rates, inventory challenges, and policy uncertainty under President Trump's administration.

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