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.
太陽能技術公司SolarEdge Technologies, Inc. (納斯達克:SEDG) 的股票週四交投相對平穩。
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.
昨日，該公司發佈了第三季度業績，營收爲26090萬美元，較上一季度的26540萬美元下降了2%，較去年同期的72530萬美元下降了64%。
Revenues from the solar segment were $247.5 million, down 63% from $676.9 million in the same quarter last year.
太陽能板塊的營收爲24750萬美元，較去年同期的67690萬美元下降了63%。
Here are the analysts' takes on the earnings results:
以下是分析師對收益結果的看法：
Piper Sandler analyst Kashy Harrison downgraded the stock to Underweight from Neutral, lowering the price forecast to $9 from $17.
派傑投資分析師Kashy Harrison將該股票的評級從中立下調至低於標準，將價格預測從17美元降至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.
分析師認爲，由於正常的應收帳款週轉天數/應付帳款週轉天數、銷售疲軟、美國製造業成本上漲、歐洲問題以及特斯拉的威脅，公司未來可能面臨現金流挑戰。
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).
分析師建議進行資本籌資和主要成本削減以確保生存。Harrison將FY24每股虧損預估從7.20美元調整至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分析師Jordan Levy重申對該股票的持有評級，維持20美元的不變價格預測。
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.
根據分析師的說法，主要是由於歐洲持續下滑，導致營業額下降。歐洲市場銷量下降超過30%，而北美銷量增長了相似的比例。
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，第四季度營收和毛利率指導低於街道預期，而營運支出指導略低於街道預期。
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此外閱讀：微軟顯示上漲空間，同時特斯拉、英偉達、亞馬遜接近52周最高紀錄
Roth MKM analyst Philip Shen reiterated the Neutral rating on the stock, loweing the price forecast to $12 from $20.
Roth MKm 分析師 Philip Shen 重申對該股票的中立評級，將價格預測從20美元降至12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.
第三季度最大的減值準備是因爲庫存過剩和淘汰的庫存，公司不再預計銷售，因爲歐盟需求減少，Shen 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.
分析師寫道，公司旨在通過專注於財務穩定、重獲市場份額和重新專注於核心業務來恢復盈利能力。
It is also reducing costs, streamlining operations in profitable markets, and investing in technology for future growth, Shen notes.
此外，公司正在削減成本，在盈利市場簡化運營，並投資於未來增長的技術，Shen 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 資本市場分析師 Sophie Karp 指出，公司寄望於美國產品的強勁需求，以及新產品和軟件，來推動下一個行業週期的增長。
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，分析師寫道，當前持續的需求下滑，加上最近的選舉發展，可能會暫時抑制投資者的興趣。分析師對SEDG股票的評級爲板塊權重。
Price Action: SEDG shares are trading lower by 1.41% to $14.47 at last check Thursday.
股價走勢：最新數據顯示，SEDG股票下跌1.41%，報14.47美元。週四最後一次查看時。
Image via Pixabay
圖片由Pixabay提供
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譯文內容由第三人軟體翻譯。
