Hour Loop (NASDAQ:HOUR) reported quarterly losses of $(0.01) per share. The company reported $14.80 million in sales this quarter.
Why SolarEdge Technologies Stock Is Down Today
Barclays identified multiple downside risks for SolarEdge in its note, including slower than anticipated growth and worsening supply chain constraints combined with high shipping costs. Barclays also noted the company's difficulty maintaining its market share against larger competitors which include Tesla, Inc. (NASDAQ:TSLA) and Enphase Energy, Inc. (NASDAQ:ENPH).