SolarEdge Technologies (SEDG) PT Lifted to $38 at Needham & Company

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Go back to SolarEdge Technologies (SEDG) PT Lifted to $38 at Needham & Company

SolarEdge Announces Fiscal Third Quarter Financial Results

May 7, 2015 4:01 PM EDT

FREMONT, Calif.--(BUSINESS WIRE)-- SolarEdge Technologies, Inc. (NASDAQ: SEDG) today announced its financial results for the fiscal third quarter ended March 31, 2015.

Third Quarter 2015 Highlights

Record revenue of $86.4 million, up 17.9% from last quarter and 182.7% year-over-year GAAP gross margin of 27.4% GAAP net income of $6.0 million Non-GAAP net income of $8.7 million 248 Megawatts AC inverters shipped

I am happy to report record revenues of $86 million this quarter. This is in line... More