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.

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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