02 Nov, 23

Europe’s Wind Energy Giants Brace For Massive Losses And Writedowns

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The malaise spreading through the renewable energy industry that started in late October when we reported that shares of Israel-based SolarEdge Technologies Inc. (NASDAQ:SEDG) suffered their biggest crash in the company’s public history has now spread to the European wind energy sector, too.   It’s all about soaring costs and supply chain woes–all of which prompted SolarEdge to warn that Q3 revenues, gross margin and operating income would all come in below the low end of the company’s prior…

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