SolarEdge Q3 Results Miss Expectations; Analysts Warn Of Cash Flow Challenges And Need For Cost Cuts
SolarEdge Q3 Results Miss Expectations; Analysts Warn Of Cash Flow Challenges And Need For Cost Cuts
Here are the analysts' takes on the earnings results:SolarEdge Technologies, Inc. (NASDAQ:SEDG) shares are trading relatively flat on Thursday.
SolarEdge Technologies, Inc.（纳斯达克：SEDG）股票周四交投相对平稳。
Yesterday, the company reported third-quarter results, with revenues of $260.9 million, down 2% from $265.4 million in the prior quarter and down 64% from $725.3 million in the same quarter last year.
昨天，该公司公布了第三季度财报，收入为26090万美元，比上一季度的26540万美元下降2％，比去年同期的72530万美元下降64％。
Revenues from the solar segment were $247.5 million, down 63% from $676.9 million in the same quarter last year.
太阳能产品板块的营收为24750万美元，比去年同期的67690万美元下降63％。
Here are the analysts' takes on the earnings results:
以下是分析师对收益结果的看法：
Piper Sandler analyst Kashy Harrison downgraded the stock to Underweight from Neutral, lowering the price forecast to $9 from $17.
派杰投资分析师Kashy Harrison 将该股票评级从中立下调至卖出，将股价预测从17美元下调至9美元。
The analyst sees cash flow challenges ahead due to normal DSOs/DPOs, weak sales, rising U.S. manufacturing costs, European issues, and the Tesla threat.
分析师认为，由于正常的DSOs/DPOs、疲弱的销售、美国制造成本上升、欧洲问题以及特斯拉的威胁，未来将面临现金流挑战。
The analyst suggests a capital raise and major cost cuts are necessary for survival. Harrison widens the FY24 loss estimate per share to $(21.08) from $(7.20).
分析师建议进行一轮资本增加和大规模降本，以确保生存。Harrison将FY24每股亏损预期从7.20美元扩大到21.08美元。
Truist Securities analyst Jordan Levy reiterated the Hold rating on the stock, with an unchanged price forecast of $20.
Truist Securities 分析师Jordan Levy 重申对该股票的持有评级，维持20美元的不变股价预测。
According to the analyst, the topline miss is primarily due to continued weakness in Europe, where MW volumes fell over 30%, while North American volumes rose by a similar percentage.
根据分析师的说法，销售额的不足主要是由于欧洲持续疲软，其中MW的销量下降了30%，而北美的销量则上升了类似的比例。
Further, topline and the gross margin guidance for the fourth quarter fell short of Street estimates, while the Opex guidance was slightly below the Street estimates.
此外，第四季度的销售额和毛利率预测均低于街头预期，而运营支出的预测略低于街头预期。
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此外阅读：微软显示有上升空间，而特斯拉、英伟达、亚马逊接近52周高点。
Roth MKM analyst Philip Shen reiterated the Neutral rating on the stock, loweing the price forecast to $12 from $20.
Roth MKm分析师菲利普·申重申了该股票的中立评级，将目标股价下调至12美元，原价为20美元。
The largest third-quarter writedowns were for excess and obsolete inventory, as the company no longer expects to sell it due to reduced demand in the EU, Shen notes.
最大的第三季度减值准备是用于过剩和陈旧库存，因为该公司不再期望由于欧盟需求下降而将其出售，申指出。
The analyst writes that the company aims to return to profitability by focusing on financial stability, regaining market share, and refocusing on core businesses.
分析师写道，该公司旨在通过专注于财务稳定、恢复市场份额和重新聚焦核心业务来恢复盈利能力。
It is also reducing costs, streamlining operations in profitable markets, and investing in technology for future growth, Shen notes.
他还在减少成本，精简盈利市场的运营，并投资于未来增长的技术，申指出。
KeyBanc Capital Markets analyst Sophie Karp noted that the company is banking on strong demand for U.S.-made products, alongside new offerings and software, to fuel growth in the next industry cycle.
KeyBanc资本市场分析师Sophie Karp指出，该公司寄望于美制产品的强劲需求，以及新产品和软件，来推动下一个行业周期的增长。
However, the ongoing demand slump, coupled with recent election developments, is likely to dampen investor interest for now, the analyst writes. The analyst rates SEDG shares Sector Weight.
然而，持续的需求下滑，加上最近的选举动态，可能会暂时抑制投资者的兴趣，分析师写道。分析师对SEDG股票的评级为板块权重。
Price Action: SEDG shares are trading lower by 1.41% to $14.47 at last check Thursday.
价格走势：星展能源股的交易价格下跌1.41%，至14.47美元，在周四最新查看时。
Image via Pixabay
图片由Pixabay提供
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