FBR Capital Cuts Price Target on SolarEdge Technologies (SEDG) Following 4Q Report
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SolarEdge Announces Fiscal Fourth Quarter and Year End 2016 Financial Results
August 9, 2016 4:06 PM EDTFREMONT, Calif.--(BUSINESS WIRE)-- SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in PV inverters, power optimizers, and module-level monitoring services, today announced its financial results for the fiscal fourth quarter and year ended June 30, 2016.
Fourth Quarter and Full Fiscal Year 2016 Highlights
Revenues for fiscal Q4 2016 of $124.8 million, and $489.8 million in fiscal year 2016 GAAP gross margin for fiscal Q4 2016 of 31.4% and 31.0% for fiscal year 2016 GAAP net income for fiscal Q4 2016 of $17.3 million and $76.6 million for fiscal year 2016... More