SolarEdge Reports Q1 Loss, Revenue Beat Amid Industry Struggles

SolarEdge Technologies reported a significant Q1 loss with a Non-GAAP EPS of -$1.90, missing estimates by $0.31, while its revenue of $204.4 million, down 78.3% year-over-year, surprisingly beat expectations by $9.27 million. The company's stock price has seen a dramatic decline, currently trading around $52-$54, down from a recommendation level of approximately $300. Despite the revenue beat, SolarEdge guided its Q2 revenues below market consensus, signaling ongoing challenges in the solar industry, which has been described as struggling and heavily reliant on subsidies.