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Mrinalika Roy - 2 Phil Noble - 1 Dow - 1 Alden Bentley - 1 Leslie Adler - 1 Dado Ruvic - 1 SolarEdge - 1 Johnson Gordon - 1
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Search resuls for: "SolarEdge Technologies Inc"


5 mentions found


☆ Uber to become S&P 500 constituent -S&P Indexes
  + stars: | 2023-12-02 | by ( ) www.reuters.com   time to read: 1 min
The Logo of taxi company Uber is seen on the roof of a private hire taxi in Liverpool, Britain, April 15, 2019. REUTERS/Phil Noble/File Photo Acquire Licensing RightsDec 1 (Reuters) - Ride-hailing service Uber Technologies will join the S&P 500 (.SPX) effective at the open of trading on Dec. 18, along with S&P MidCap 400 (.IDX) constituents Jabil Inc and Builders FirstSource Inc , S&P Dow Jones Indices announced late Friday. The stocks will replace Sealed Air Corp , Alaska Air Group Inc and SolarEdge Technologies Inc in the benchmark S&P 500, joining the S&P MidCap 400 index as of Monday. (This story has been refiled to correct the date to Dec. 18, not Monday, in paragraph 1)Reporting by Alden Bentley; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
Persons: Phil Noble, Dow, Alden Bentley, Leslie Adler Organizations: REUTERS, Uber Technologies, Jabil Inc, Builders FirstSource Inc, Dow Jones Indices, Air Corp, Alaska Air Group Inc, SolarEdge Technologies Inc, Thomson Locations: Liverpool, Britain
☆ SolarEdge forecasts third-quarter revenue below estimates as demand wanes
  + stars: | 2023-08-01 | by ( Mrinalika Roy Sourasis Bose | Mrinalika Roy | Sourasis Bose | ) www.reuters.com   time to read: +2 min
Miniatures of solar panel and electric pole are seen in front of SolarEdge logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/IllustrationCompanies Solaredge Technologies Inc FollowAug 1 (Reuters) - SolarEdge Technologies (SEDG.O) forecast third-quarter revenue below Wall Street estimates as demand slows for its solar inverters in the United States and Europe, sending its shares nearly 13% lower in extended trading on Tuesday. The U.S. solar market has been dented by low electricity prices, high borrowing costs and a new metering reform in California, the country's largest solar market. SolarEdge expects third-quarter revenue to average between $880 million and $920 million, compared with analysts' estimates of $1.05 billion, according to Refinitiv data. U.S. solar revenue, however, decreased 23% compared with the last quarter.
Persons: Dado Ruvic, SolarEdge, Johnson Gordon, Zvi Lando, Lando, Mrinalika Roy, Sourasis Bose, Devika Organizations: REUTERS, Technologies, SolarEdge Technologies, Wall, Thomson Locations: United States, Europe, U.S, California, Herzliya, Israel, Germany, Bengaluru
☆ Enphase Energy slumps as lukewarm US demand weighs on revenue forecast
  + stars: | 2023-07-28 | by ( ) www.reuters.com   time to read: +2 min
July 28 (Reuters) - Shares of Enphase Energy (ENPH.O) slumped nearly 11% on Friday, after the solar inverter maker's third-quarter revenue target fell well short of analyst estimates due to weak demand. The Fremont, California-based company forecast revenue between $550 million and $600 million for the quarter ending Sept. 30, compared with analysts' estimate of $746.5 million. Therefore, we are taking aggressive and prudent actions in the U.S. to manage down the channel inventory," said Enphase Energy CEO Badrinarayanan Kothandaraman. Enphase also announced a new $1 billion share buyback plan, which failed to stem the share selloff. Reporting by Medha Singh and Mrinalika Roy in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
Persons: Badrinarayanan Kothandaraman, Wells Fargo, Enphase, Medha Singh, Mrinalika Roy, Krishna Chandra Organizations: Enphase Energy, SolarEdge Technologies, Thomson Locations: United States, Texas, Arizona, Fremont , California, U.S, Bengaluru
☆ SolarEdge sees U.S. solar growth slowing in 2023, European markets surging
  + stars: | 2023-01-05 | by ( Laila Kearney | ) www.reuters.com   time to read: +1 min
Companies Solaredge Technologies Inc FollowNEW YORK, Jan 5 (Reuters) - Growth in the U.S. solar industry is expected to slow down in 2023, while some European and Asian markets are poised to surge, SolarEdge Chief Financial Officer Ronen Faier said on Thursday. Some solar markets in Europe, especially in German-speaking countries and the United Kingdom, could jump by more than 100% over the year, he said. In the United States, that growth is expected to be around 15%, he added. Taiwan, Japan and other Asian nations are also expected to accelerate their expansion of solar build-outs and use. Reporting by Laila Kearney Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.
☆ California's incentive proposal for rooftop solar targets low-income households
  + stars: | 2022-11-10 | by ( ) www.reuters.com   time to read: +1 min
OAKLAND, Nov 10 (Reuters) - California regulators on Thursday made a new proposal for incentivizing rooftop solar systems, a contentious matter as the state tries to expand renewable energy and respond to critics who want more equitable distribution of incentives. Shares of rooftop solar system providers, including Sunrun Inc (RUN.O), SunPower Corp (SPWR.O) and Solaredge Technologies Inc (SEDG.O), were up between 12% and 26% in afternoon trading. The new policy proposals outlined by the California Public Utilities Commission (CPUC) include an additional $900 million to support battery and solar systems, mostly for low-income customers. The proposal will not affect current home solar owners and will maintain their current compensation, the CPUC said. Reporting by Peter Henderson, Nichola Groom and Ruhi Soni; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
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