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SolarEdge (SEDG) Stock Tumbles on Q4 Revenue Miss, Downbeat Forecast

NEW YORK (TheStreet) -- Shares of SolarEdge Technologies (SEDG) were falling 11.95% to $16.40 on heavy trading volume late Wednesday morning after the company posted weaker-than-anticipated revenue for the 2016 fiscal fourth quarter.

After yesterday's market close, the Israel-based solar solutions company reported revenue of $124.8 million, below analysts' estimates of $129.5 million.

Adjusted earnings of 44 cents per share beat Wall Street's projections of 41 cents per share.

For the...


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