Here's Why SolarEdge Technologies (SEDG) Fell More Than Broader Market

Core Insights - SolarEdge Technologies (SEDG) experienced a significant decline of -9.19% in its stock price, closing at $35.06, which was worse than the S&P 500's loss of 2.71% [1] - Despite the recent drop, SEDG shares have increased by 30.93% over the past month, outperforming the Oils-Energy sector's gain of 2.1% and the S&P 500's gain of 3.5% [1] Earnings Performance - The upcoming earnings report for SolarEdge is expected to show an EPS of -$0.43, reflecting a substantial increase of 97.2% compared to the same quarter last year [2] - Revenue is forecasted to be $333.46 million, indicating a growth of 27.81% year-over-year [2] Full-Year Estimates - For the full year, Zacks Consensus Estimates predict earnings of -$2.97 per share and revenue of $1.16 billion, representing year-over-year changes of +87.08% and +25.18%, respectively [3] Analyst Estimates - Recent changes in analyst estimates for SolarEdge are noteworthy, as they often indicate shifts in near-term business trends and analysts' outlook on the company's health and profitability [4] - The Zacks Rank system, which assesses these estimate changes, currently places SolarEdge at a rank of 3 (Hold) [6] Industry Context - The solar industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 62, positioning it within the top 26% of over 250 industries [7] - Research indicates that industries in the top 50% outperform those in the bottom half by a factor of 2 to 1 [7]