Recap: SolarEdge Technologies Q2 Earnings

Shares of SolarEdge Technologies SEDG rose 11.32% after the company reported Q2 results.

Quarterly Results

Earnings per share rose 3.19% over the past year to $0.97, which beat the estimate of $0.69.

Revenue of $331,851,000 up by 2.10% year over year, which beat the estimate of $319,420,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Aug 03, 2020

Time: 04:30 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/o5n5rffw

Recent Stock Performance

Company's 52-week high was at $181.81

Company's 52-week low was at $60.93

Price action over last quarter: Up 58.10%

Company Description

SolarEdge Technologies Inc together with its subsidiaries designs develops and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers.