SolarEdge Technologies (SEDG) Q2 Loss Widens, Revenues Fall Y/Y

SolarEdge Technologies, Inc. (SEDG) reported a second-quarter 2024 adjusted loss of $1.79 per share, wider than the Zacks Consensus Estimate of a loss of$1.60. The bottom line also deteriorated from the prior-year quarter's reported earnings of $2.62 per share. Barring one-time adjustments, the company incurred a GAAP loss of$2.31 per share against GAAP earnings of $2.03 per share recorded in the year-ago period. The year-over-year deterioration in the bottom line can be attributed to significantly lower ...