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It's Time to Worry About SolarEdge Stock

Monday's layoffs were a bad sign for SolarEdge.

By Travis Hoium – Jan 23, 2024 at 1:00PM EST

SolarEdge (SEDG +1.61%) announced layoffs on Monday and showed the company's weakness in the solar market. Not only is revenue dropping, but margins are also declining, and manufacturing workers are now losing their jobs.

In this video, Travis Hoium shows why this is impacting SolarEdge more than other solar companies.

*Stock prices used were end-of-day prices of Jan. 22, 2024. The video was published on Jan. 22, 2024.

Read Next

About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has positions in SunPower. The Motley Fool has positions in and recommends Enphase Energy. The Motley Fool recommends SolarEdge Technologies. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

SolarEdge Technologies Stock Quote
SolarEdge Technologies
NASDAQ: SEDG
$51.87
(+1.61%)+$0.82
Enphase Energy Stock Quote
Enphase Energy
NASDAQ: ENPH
$38.28
(+1.24%)+$0.47
Sunrun Stock Quote
Sunrun
NASDAQ: RUN
$14.15
(+4.35%)+$0.59

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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