** Solaredge Technologies' SEDG.O shares jump 30% to a near-five-month high at $21.9
** The solar inverter maker's stock set for best percentage gain in a day on record
** SEDG posts quarterly revenue of $196.2 mln, surpassing expectations of $188.7 mln - data compiled by LSEG
** Co expects Q1 revenues between $195 mln and $215 mln, in line with estimates of $202.8 mln
** Other solar stocks also advance: Sunrun RUN.O up 3.4%, Enphase Energy ENPH. up 5.3% and First Solar FSLR.O up 3.4%
** "We are just getting started on our turnaround story," says Shuki Nir, CEO of SolarEdge, adding that "we expect to be free cash flow positive in Q1 2025 and for the full year 2025."
** Company reports Q4 adj loss of $3.52 per share, higher than estimated loss of $1.65 per share
** Majority of brokerages rate the stock "hold"; their median PT is $14
** Including session's moves, SEDG up about 63% YTD
(Reporting by Nikhil Sharma in Bengaluru)
((Nikhil.Sharma@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.