The residential solar industry is expected to turn around later in 2024, and solar companies are giving rosy projections about where their business is headed as a result. But SolarEdge(NASDAQ: SEDG) is struggling more than most, not only with revenue falling but also with inventory piling up.
In this video, Travis Hoium shows why this is such bad news for SolarEdge's business long-term.
*Stock prices used were end-of-day prices of Feb. 21, 2024. The video was published on Feb. 21, 2024.
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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.
