Solar inverter fourth quarter results
The company saw revenues of $196. 2 million, down 17% from the previous quarter, and shipped 895 MW (AC) of inverters and 130 MWh of batteries. -- (BUSINESS WIRE)--SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced its financial results for the fourth quarter ended December 31, 2024 and full year ended December 31, 2024. The company, known for its innovative solar energy solutions, has faced a challenging year but is optimistic about future. . SolarEdge shipped 130 MWh of energy storage in Q4 2024, down just slightly on Q4 2023 comparisons. [PDF Version]FAQS about Solar inverter fourth quarter results
Did SolarEdge (Sedg) beat revenue estimates in fourth-quarter 2024?
MILPITAS, Calif. - SolarEdge Technologies, Inc. (NASDAQ: SEDG), a smart energy technology company, reported fourth-quarter 2024 financial results that showed a wider-than-expected loss but beat revenue estimates. The company's stock was unchanged in response to the results.
How did SolarEdge perform in the fourth quarter?
The fourth quarter results included a $138 million write-down and impairment of various assets, impacting both GAAP and non-GAAP financials. Despite this, SolarEdge reported positive free cash flow of $25.5 million for the quarter, compared to a deficit of $136.7 million in the prior year.
Will SolarEdge return to positive free cash flow in Q4 2025?
The return to positive free cash flow generation in Q4 is a solid first step, and we expect to be free cash flow positive in Q1 2025 and for the full year 2025." For the first quarter of 2025, SolarEdge expects revenue to be between $195 million and $215 million, compared to the analyst consensus of $207.9 million.
What does SolarEdge expect in the first quarter of 2025?
For the first quarter of 2025, SolarEdge expects revenue to be between $195 million and $215 million, compared to the analyst consensus of $207.9 million. The company also anticipates a non-GAAP gross margin of 6% to 10% and non-GAAP operating expenses between $98 million and $103 million.