SolarEdge Technologies (SEDG) Q1 Loss Widens, Revenues Fall Y/Y

SolarEdge Technologies, Inc. (SEDG) reported a first-quarter 2024 adjusted loss of $1.90 per share, wider than the Zacks Consensus Estimate of a loss of$1.58. The bottom line also deteriorated from the prior-year quarter’s reported earnings of $2.90 per share.Barring one-time adjustments, the company recorded a GAAP loss of$2.75 per share against GAAP earnings of $2.35 per share recorded in the year-ago period.RevenuesThe company’s quarterly revenues of$204.4 million surpassed the Zacks Consensus Estimat ...