🔴 SolarEdge Technologies is trading 19.4% down today on cautious Q3 guidance and U.S. residential weakness

SolarEdge Technologies is trading 19.4% down at $37.20 after its Q2 earnings report showed a return to non-GAAP profitability but included cautious Q3 guidance and highlighted continued weakness in the U.S. residential segment.

• The sharp drop reflects investor concern that the recovery remains fragile despite better-than-expected Q2 results and positive free cash flow.
• Management's cautious outlook for the third quarter overshadowed the company's return to profitability, as demand in the U.S. residential market remains soft.