SolarEdge Narrows Losses but Forecasts Revenue Decline in Q4

In depth

The company expects its revenue in the fourth quarter to be between $245 and $275 million. According to Ice, it fell by about 20% compared with the third quarter, and according to Calcalist, the forecast is below analysts' expectations.

CEO Shuki Nir said the company is taking decisive steps to reduce costs. According to Calcalist, the company last week began a layoff round involving about 50 employees in Israel, and according to Ice, it is laying off about 200 employees.