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SolarEdge Reports $61 Million Net Loss in Q3, Hurt by High Inventory

The company’s inventory for Q3 2023 stood at $1.18 billion compared to $561.4 million in Q3 2022

November 2, 2023

/ Satish Shetty
/ Finance and M&A, Inverters & BOS, Solar
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SolarEdge, an Israel-based solar inverter manufacturer, recorded a net loss of $61.2 million in the third quarter (Q3) of 2023, a 348% year-over-year (YoY) drop from the net profit of $24.7 million.

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Satish Shetty

More articles from Satish Shetty.
EuropeFinancial ResultsSolar Inverter ManufacturerSolarEdge
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