Residential solar companies face bankruptcies, soft first-quarter sales, and shrinking demand after federal tax credit changes.
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Residential solar companies face bankruptcies, soft first-quarter sales, and shrinking demand after federal tax credit changes.
Solar power systems company SolarEdge (NASDAQ:SEDG) beat Wall Street’s revenue expectations in Q1 CY2026, with sales up 41.5% year on year to $310.5 million. On the other hand, next quarter’s revenue guidance of $340 million was less impressive, coming in 0.7% below analysts’ estimates. Its non-GAAP loss of $0.43 per share was 59.9% below analysts’ consensus estimates.