September 28, 2024

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SolarEdge Share: Challenges Despite Promising Technology ()

SolarEdge Technologies stock faces significant challenges, despite the company’s promising smart energy technology. The surprise resignation of CEO Zvi Landau shortly after the release of second-quarter 2024 results has investors worried. SolarEdge continues to struggle with supply chain issues and oversupply, particularly in Europe. Actual demand was about $520 million in the second quarter, while sales were just $265 million.

Prospects for 2025

Experts don’t expect inventories and sales to return to normal until early 2025. SolarEdge expects sales of about $550 million for the second quarter of 2025. Despite the current difficulties, the company, which is valued at just 0.5 times sales, remains interesting for long-term investors, provided there are no further negative surprises.

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