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Wajeeh Khan

SolarEdge Beat Q2 Earnings Estimates. SEDG Stock Plummeted Anyway.

SolarEdge (SEDG) stock tanked on Aug. 5 even though the solar energy equipment company posted better-than-expected financials for its Q2. The company recorded $346.2 million in revenue, up 19.6% on a year-over-year basis, and $0.05 in earnings per share (EPS) versus a loss of $0.81 per share in the same quarter last year.

SolarEdge shares have been rather painful for investors in recent weeks, now trading roughly 55% below their price in early June.

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