Why Is SolarEdge (SEDG) Stock Down 16% Today?

Solaredge Technologies (NASDAQ:SEDG) stock is falling hard on Wednesday after the company solar power panel company posted its Q4 2023 earnings report.The bad news for SEDG stockholders comes from the company’s outlook for the first quarter of 2024. This has it expecting to range from $175 million to $215 million. That would see it missing Wall Street’s revenue estimate of $406.29 million for the quarter.Solaredge Technologies CEO Zvi Lando provided some insight into the company’s struggles in its latest ea ...