The valuations of companies across the solar power industry have soared this year — and with those higher stock prices come higher expectations for growth.
High expectations are exactly why SolarEdge Technology’s (NASDAQ:SEDG) shares got pummeled during the last month. And if it’s starting to lose market share, those shares may continue their slide.
What SolarEdge reported in Q3
For starters, we should ground this discussion in some metrics from 2020’s third quarter. Management announced that SolarEdge’s revenue fell by 17.6% to $338.1 million in the quarter, as the number of power optimizer units shipped declined