SolarEdge Posts Another Record Quarter & Continued Strong Growth

SolarEdge Posts Another Record Quarter & Continued Strong Growth

Israel-based solar manufacturer SolarEdge announced its third-quarter earnings last week and it was yet another record quarter, with revenue up to an impressive $166.6 million, making investors very happy. Last quarter SolarEdge reported record revenues of $136.1 million and GAAP net income of $22.5 million (non-GAAP net income for the quarter was $25.8 million). In hindsight, this was the beginning of an impressive growth trend, as it increased 9% year-over-year and 18% quarter-over-quarter. Things have only continued to grow for the Israeli company, posting another quarter of record revenues at $166.6 million for the third quarter. GAAP net income […]

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