SolarEdge Technologies (SEDG) closed at $24.96, down 8.81% from the previous day, while the S&P 500 gained 0.32%. Analysts expect SolarEdge to post earnings of -$0.82 per share with a revenue of $273.71 million in the upcoming report, showing growth of 54.19% and 3.13% year-over-year, respectively.

The Zacks Consensus Estimates predict annual earnings of -$3.3 per share and revenue of $1.09 billion for SolarEdge, indicating shifts of +85.65% and +17.69% compared to last year. Recent analyst estimate changes suggest positivity towards the company’s profit potential, leading to a Zacks Rank of #3 (Hold).

The Solar industry currently ranks 96 out of over 250 industries, putting it in the top 39%. Zacks Industry Rank data shows that top-rated industries outperform lower-ranked ones by a factor of 2 to 1. Investors can monitor stock-moving metrics on Zacks.com for future trading sessions.

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Read more at Nasdaq: SolarEdge Technologies (SEDG) Stock Declines While Market Improves: Some Information for Investors