Posted October 02, 2018 09:23:12 Solaredge is in the midst of its biggest price drops in the history of the asset class, and the reason is that the stock has been trading at a loss for years.
In fact, Solaredg has dropped more than half a billion dollars in market value since its last record close on April 25, 2017, the same day it posted record profits.
Solaredg is currently trading at just $1.10 per share, down from its peak price of $3.35 per share on March 29, 2018.
This week, the company reported that its stock is trading at $2.90 per share.
But that doesn’t take into account the millions of dollars that the company has lost from the $3 billion bond issue that the government issued last summer.
The bond issue raised Solaredgs market cap by $1 billion, and helped the company to post a net income of $14.4 million in its last fiscal year.
However, investors are not happy with the company’s performance since the government bond issue was announced.
This month, Solvedg reported its first quarterly loss since its $4.2 billion bond issuance, and it reported a net loss of $1 million in the fourth quarter of 2018.
While Solaredgi reported a loss of just $9 million in 2018, that still comes out to a $15.4 billion market cap loss, or roughly 1.4 percent of the company.
This is the first time since 2011 that Solaredger has reported a negative net loss in the same period.
Solaredgedges shares are down almost 9 percent this year, and this decline comes on top of a drop in solaredges valuation of $7.8 billion in 2018.
Soluredges stock is down nearly 8 percent this month and is down from $11.50 to $10.40.
This comes after a steep decline in the stock price of nearly 10 percent last quarter, and a record year for the company, which posted record profit in 2017.
The company’s market cap is down $3,000 per share from the record high of $13.15 billion in 2017, and Solaredgds stock price is down more than 1,500 percent from its IPO price of just over $7 per share in 2015.
The stock’s market share is down 2 percent from the year before, and is off 7 percent from last year.
This means that Soledges market share has fallen from almost 60 percent to less than 40 percent.
This has hurt the solaredgs valuation, and in fact, the solacedgs market share fell from just over 40 percent to just under 30 percent.