UPDATE: Oppenheimer Downgrades SolarEdge Technologies (SEDG) to Perform
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SolarEdge Announces Third Quarter 2020 Financial Results
November 2, 2020 4:05 PM ESTFREMONT, Calif.--(BUSINESS WIRE)-- SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced its financial results for the third quarter ended September 30, 2020.
Third Quarter 2020 Highlights
Revenues of $338.1 million Revenues from solar products of $312.5 million GAAP gross margin of 32.0% GAAP gross margin from sale of solar products of 34.1% Non-GAAP gross margin from sale of solar products of 34.8% GAAP net income of $43.8 million Non-GAAP net income of $65.9 million GAAP net diluted earnings per share (EPS) of... More