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SolarEdge Stock Plunges 30% After Weak Q3 Guidance Overshadows Surprise Profit and Drags Solar Sector Lower

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shares plunged Wednesday, closing down 30.48% at $33.90, after the solar equipment maker’s disappointing third-quarter revenue outlook overshadowed a second-quarter report that beat Wall Street’s earnings expectations, dragging shares of several other solar companies lower in sympathy.

The stock, which had gained roughly 27% for the year heading into the report, gave back a substantial portion of those gains in a single trading session, marking one of the sharpest single-day declines the company has experienced in recent memory. Shares showed a partial rebound overnight, rising 2.04% to $34.59 as of 12:39 a.m. Eastern time Thursday, though the stock remained well below its pre-earnings level.

A Mixed Quarter With a Bright Spot

SolarEdge reported second-quarter revenue of $346.2 million, up 19.6% from a year earlier and narrowly ahead of Wall Street’s consensus estimate. Gross margin improved sharply to 27.5%, up from just 11.1% in the same quarter a year earlier, reflecting continued progress in the company’s efforts to rebuild profitability after a prolonged industry downturn.

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On an adjusted, non-GAAP basis, SolarEdge posted earnings of 5 cents per share, a swing from a loss of 81 cents per share in the same period last year and a result that comfortably cleared analyst expectations. Under standard GAAP accounting, however, the company still reported a net loss of $30.8 million, or 50 cents per share, an improvement from a loss of 95 cents per share in the first quarter of 2026 and a substantial improvement from the $124.7 million, or $2.13 per share, loss recorded in the second quarter of last year.

Guidance Undercuts the Recovery Narrative

Despite the improved margins and narrower losses, investors focused overwhelmingly on SolarEdge’s forecast for the current quarter, which fell well short of expectations. The company guided to third-quarter revenue of $310 million to $340 million, a range that sits below the second quarter’s own revenue total and well under Wall Street’s expectations of more than $370 million.

That guidance suggested to many analysts that SolarEdge’s fragile recovery may remain uneven, undercutting the more encouraging signals from the quarter’s underlying earnings performance. Immediately following the results, shares initially traded down between 8.3% and 22.3% in various sessions of trading before ultimately settling at the steeper 30.48% decline by Wednesday’s close, reflecting a market that grew increasingly skeptical as the day progressed.

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Regional Demand Diverges Sharply

SolarEdge Chief Executive Shuki Nir attributed much of the company’s ongoing challenges to a stark divergence in regional demand. Nir said the company continues to make progress as solar demand remains strong in Europe and is improving across the commercial and industrial segments of the U.S. market. That strength, however, has not been enough to offset persistent weakness in the U.S. residential solar sector, which has continued to struggle amid higher interest rates and shifting state-level incentive policies that have curbed household demand for rooftop solar installations.

A Volatile Pattern Heading Into Earnings

Wednesday’s selloff extended a pattern of volatility that has defined SolarEdge’s stock over the past several quarters. The company’s first-quarter results, released in May, saw revenue rise 46% year over year to $310 million, beating estimates, but adjusted earnings per share of negative 43 cents missed forecasts by more than 50%, sending shares down more than 7% in premarket trading at the time. A $14 million charge tied to doubtful debt contributed to a widening net loss in that period, illustrating the kind of one-off financial pressures that have periodically complicated the company’s underlying operational recovery.

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Ahead of Wednesday’s report, Wall Street had entered with cautious optimism, projecting earnings of roughly negative 2 cents per share on revenue of about $341 million, positioning the actual results as a mixed but directionally positive surprise on the bottom line, even as the more forward-looking guidance ultimately drove the stock’s reaction.

Broader Solar Sector Feels the Pressure

SolarEdge’s steep decline rippled across the broader solar industry Wednesday, with shares of several other major solar companies trading lower in sympathy. First Solar, Enphase Energy, Fluence Energy, Array Technologies and Sunrun all declined alongside SolarEdge, as investors reassessed the health of the broader U.S. solar demand environment in light of the company’s cautious third-quarter outlook.

A Company Still Working Toward Sustained Profitability

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Despite the disappointing guidance, some of SolarEdge’s underlying financial trends have shown improvement over a longer time horizon. The company’s two-year annualized earnings-per-share growth rate of 59.9% has outpaced its longer five-year trend, an encouraging signal even as the company’s earnings remain negative overall. Wall Street analysts have forecast that SolarEdge’s full-year adjusted earnings per share could flip from a loss of 83 cents to a projected profit of 92 cents over the next 12 months, reflecting continued optimism about the company’s longer-term trajectory even amid near-term volatility.

Even so, some of the company’s underlying structural challenges have persisted for years. SolarEdge’s operating margin came in at negative 4.6% for the quarter, and the company’s earnings per share have declined by an average of 16.9% annually over the past five years, a steeper drop than its revenue decline over the same period, reflecting a fixed cost base that has made it difficult for the company to adjust quickly to shifting demand conditions across its core markets.

With SolarEdge’s stock now trading well below its pre-earnings level despite the quarter’s improved margins and narrower losses, investors are likely to focus closely on whether the company can translate its stated progress in Europe and the U.S. commercial and industrial segments into a more encouraging outlook when it next reports results. Until residential demand in the U.S. shows clearer signs of stabilizing, analysts say SolarEdge’s recovery is likely to remain a story of incremental operational improvement overshadowed by continued uncertainty about the pace of the broader solar market’s rebound.

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TikTok says moderator error delayed Perez Hilton livestream removal

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TikTok says moderator error delayed Perez Hilton livestream removal

This story discusses suicide. If you or someone you know is having thoughts of suicide, please contact the National Suicide Prevention Lifeline at 988 or 1-800-273-TALK (8255).

TikTok said Wednesday that a moderator error delayed the removal of a livestream appearing to show celebrity blogger Perez Hilton engaging in self-harm.

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Law enforcement responded to Hilton’s Miami home Tuesday evening after the livestream prompted multiple emergency calls.

The Miami-Dade Sheriff’s Office confirmed that he had been “safely recovered and transported by Miami-Dade Fire Rescue to a local hospital, where he is receiving medical attention.”

A TikTok spokesperson told FOX Business the livestream was flagged within minutes, but a moderator error delayed its removal.

EXPERT WARNS OF MASSIVE RECKONING FOR SOCIAL MEDIA COMPANIES: ‘GIANT CASE OF KARMA’

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Perez Hilton smiles close up

Celebrity blogger Perez Hilton was hospitalized after law enforcement responded to his Miami home following a livestream on TikTok. (Gabe Ginsberg/Getty Images / Getty Images)

TikTok said it immediately alerted law enforcement and that the livestream violated the platform’s Community Guidelines.

Several subsequent livestreams were also removed within 90 seconds and Hilton’s account was banned, according to TikTok.

A source familiar with the situation told Fox News Digital that Hilton was placed under Florida’s Baker Act for an involuntary psychiatric evaluation and “had wounds and cuts all over the place.” Under Florida law, the Baker Act allows someone experiencing a mental health crisis to be transported to a designated receiving facility for an emergency psychiatric evaluation that generally lasts up to 72 hours.

“He’s alive,” the source added. “He has superficial cuts all over the body.”

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Celebrity blogger Perez Hilton

Celebrity blogger Perez Hilton. TikTok said a moderator error delayed the removal of a livestream that violated the platform’s Community Guidelines. (Getty Images / Getty Images)

Hilton’s family and team released a statement regarding his hospitalization earlier Wednesday.

“Many of you have reached out with concern for Perez, and we are incredibly grateful for the overwhelming outpouring of love, support, and prayers,” the statement read. “We can confirm that Perez is receiving medical care, and our family’s focus right now is on his well-being. We kindly ask that you respect Perez’s privacy, as well as the privacy of his family, during this difficult time.”

“If and when we are able to share any updates, we will do so with everyone as soon as we can,” the statement concluded. “Thank you for your compassion, understanding, and continued support.”

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MYSPACE SEEKING A REVIVAL AS ITS OWNERS PLAN COMEBACK EFFORT FOR ONCE-POPULAR SOCIAL MEDIA PLATFORM

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TikTok said a moderator error delayed the removal of a livestream involving celebrity blogger Perez Hilton after it was flagged for violating the platform’s Community Guidelines. (Illustration by Michael M. Santiago/Getty Images / Getty Images)

The Miami-Dade Sheriff’s Office said its Crisis Response Unit and licensed mental health professionals responded to the scene to provide support and resources to Hilton’s family.

A sheriff’s office spokesperson said deputies received multiple calls Tuesday evening regarding an individual “livestreaming acts of self-harm on social media.”

“Deputies quickly located the individual’s residence, where they spoke with family members on scene, and confirmed he was alone inside,” the spokesperson said.

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“In many incidents involving a person experiencing a mental health crisis or actively harming themselves, deputies prioritize de-escalation by creating time, distance, and opportunities for communication,” the statement continued. “Unless there is an immediate threat to others, slowing the situation and utilizing crisis intervention techniques can reduce the likelihood of a suicide-by-cop encounter and minimize the risk of injury to the individual, deputies, and the public.”

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Hilton, whose legal name is Mario Armando Lavandeira Jr., rose to prominence after launching his celebrity gossip website in 2004 and later became one of the internet’s best-known entertainment commentators.

Fox News Digital’s Christina Dugan Ramirez contributed to this report.

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Citigroup chief ‘worried’ by 48% rate

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Citigroup chief 'worried' by 48% rate

Dame Jane Fraser, the chief executive of Citigroup, has said she is “worried” about the UK’s tax rate on banks, which she put at about 48 per cent in London against 27 per cent in New York, warning that further rises could jeopardise investment.

Speaking on a visit to London, Fraser said the UK rate was higher than in New York, Dublin, Frankfurt and Paris. “Money votes with its feet,” she said.

Fraser, who runs the third-largest US bank, put Dublin’s rate at around 28 to 29 per cent.

“It makes it a tougher decision,” she said. “It’s already one of the most expensive centres in the world. Your clients have a lot of choices where things get booked. We have to make choices to where things get booked. If the taxes go up even higher, then that makes it an easier decision not to book it in London.”

Asked whether she was concerned about a new bank tax under Andy Burnham’s government, Fraser said: “Where I get concerned about it is London is such an important centre, a financial centre around the world. The world needs London to work well and to continue to prosper and innovate.

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“There aren’t great alternatives. We need stronger alternatives to New York around the world because you need the diversification. But money votes with its feet.”

Fraser named France, Germany, Hong Kong, Singapore and Japan as alternative places for Citi to invest.

“The UK is important. It’s got talent, it’s got infrastructure, it’s got pretty sensible regulatory capabilities and the like,” she said. “But that difference, and I hate to be Scottish, it gets overcome pretty quickly. I am quite worried about it.

“I’m not sitting there going: ‘Okay, this is a catastrophe.’ But we care about the UK. This is a very important centre for Citi. I don’t want to see London diminished.”

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Citi employs 14,000 people in the UK and is opening new offices at Canary Wharf in London. Fraser took over as chief executive in March 2021, and shares in the bank have almost doubled since.

Her comments follow a similar warning from Jamie Dimon, the JP Morgan chief executive, who has criticised the bank levy and said the tax has cost his shareholders $5 billion. Dimon said in May that JP Morgan would “reconsider” its planned Canary Wharf skyscraper if the bank’s UK tax bill climbed “too much”. CS Venkatakrishnan, the Barclays chief executive, has also urged ministers to resist further bank tax rises.

Banks in the UK pay a surcharge on profits in addition to corporation tax, alongside a levy on balance sheets. UK Finance, the industry body, put the total tax rate for a model corporate and investment bank in London at 46.4 per cent in its 2025 study, against 27.9 per cent in New York, 28.9 per cent in Dublin and 38.9 per cent in Frankfurt.

Fraser also said the UK was seen as “baffling” in the US. “I think some of the political changes that have happened in the UK are strange to the States, as to why there’s been so much change and why that’s happened. Then I think they see the UK as a bit diminished from what it used to be. But there is a desire and want for the UK to succeed.”

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Asked whether she thought the UK was diminished, Fraser said: “Not so much diminished, it’s a little different. I think that it’s not as important in the world as it used to be. Some of that’s probably been our own doing. But it’s also the world’s changed a lot. It’s a more muscular world, it’s a more scaled world. I think the UK has a chance to prosper a lot. But it’s got some work to do.”

Fraser, 59, was born in Scotland and studied economics at the University of Cambridge before taking an MBA at Harvard. She joined Citi in 2004 after a decade at the consultancy McKinsey and has lived in the US for almost 20 years.


Amy Ingham

Amy Ingham

Amy Ingham is a reporter at Business Matters, covering UK business news with a focus on breaking news, business policy, late payments and insolvency. She joined the magazine in 2026 after completing the NCTJ Diploma in Journalism at Harlow College’s journalism school. Her recent reporting includes British Steel’s nationalisation and its impact on SME suppliers, the decline in late payments by large firms, and Insolvency Service director disqualifications. Reach her at aingham@cbmeg.co.uk.

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Sterlite Tech shares gain 4% on Rs 1,760 crore international order win

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Sterlite Tech shares gain 4% on Rs 1,760 crore international order win
Shares of optical and digital solutions provider Sterlite Technologies climbed over 4% to trade at Rs 662 on Thursday after the company secured a major international order worth approximately Rs 1,760 crore.

In a regulatory filing on August 5, the Pune-headquartered technology firm announced that it entered into a multi-year supply agreement with a leading international telecom infrastructure company for high-density optical fiber cables. The client’s specific identity was not disclosed in the filing, as is common with such commercial disclosures.

Details of the order win

The long-term contract is valued at roughly Rs 1,760 crore ($210 million) and will be executed over a three-calendar-year period spanning CY27 to CY29. Sterlite Technologies confirmed in its stock exchange disclosure that neither its promoter group nor any related entities have any financial or strategic interest in the client awarding the contract.

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The deal comes as a significant boost to the company’s global order book, strengthening its presence across key international markets. As telecom operators and hyperscalers worldwide accelerate network rollouts, demand for advanced high-density fibre connectivity solutions is accelerating. The company noted that supplies under this agreement will directly support large-scale digital infrastructure deployments overseas during the three-year execution window.

Market performance and valuation context

The latest surge in the stock price extends a remarkable turnaround for the company on the exchanges. Over the past year, Sterlite Tech has witnessed a multi-fold rally from its 52-week low of Rs 84.65, with Thursday’s gains pushing the scrip close to its 52-week peak of Rs 684.45.


The rally has taken place even as the share remains under the Additional Surveillance Measure (ASM) Long Term Stage 4 framework on the exchanges. Exchange data also indicates that the company’s price-to-earnings (PE) ratio has stayed above 50 across the previous four trailing quarters, reflecting strong market expectations around its future earnings trajectory.

Expanding global digital footprint

Sterlite Technologies operates as an integrated optical and digital connectivity solutions developer, managing operations from glass preforms down to fiber deployment. The company runs manufacturing facilities across India, the United States, Italy, and China, serving telecom operators, internet service providers, and cloud data center networks in more than 100 countries.Industry analysts point out that large long-term contracts from international infrastructure developers are crucial for providing multi-year revenue visibility to optical fiber manufacturers. With global investments pouring into Fiber-to-the-Home (FTTH) expansion, 5G network densification, and AI-driven data center builds, major optical technology vendors like Sterlite Tech are positioned to capture growing demand across overseas telecom hubs.

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Also read: Explained: What is CAS and what do new stock market timings mean for BSE, NSE traders?

The company’s recent strategic focus has centred on high-capacity ribbon cables, ultra-slim optical fibres, and specialised interconnect tools tailored for rapid deployment. Management has consistently highlighted that long-term supply agreements with global leaders help de-risk capacity planning while ensuring sustained utilisation across its primary manufacturing assets.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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SoundHound AI, Inc. (SOUN) Q2 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript