SolarEdge Technologies (SEDG): Buy on Weakness - Needham & Company

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Go back to SolarEdge Technologies (SEDG): Buy on Weakness - Needham & Company

SolarEdge Announces Fiscal Third Quarter Financial Results

May 9, 2016 4:03 PM EDT

FREMONT, Calif.--(BUSINESS WIRE)-- SolarEdge Technologies, Inc. (NASDAQ: SEDG) today announced its financial results for the fiscal third quarter ended March 31, 2016.

Fiscal Third Quarter 2016 Highlights

Record revenue of $125.2 million, up 0.3% from last quarter and 44.9% year-over-year GAAP gross margin of 32.5% GAAP net income of $20.8 million Non-GAAP net income of $23.3 million 416 Megawatts (AC) of inverters shipped

"We are pleased with another strong quarter despite challenging market conditions. Our growing... More