SolarEdge Technologies (SEDG) reported fourth-quarter financial results late Tuesday that fell short on earnings but beat on revenue. It’s one of three solar companies that report fourth-quarter results this week. SEDG stock fell.
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The company said adjusted earnings were $1.10 a share on revenue of $551.9 million for the period ended Dec. 31. Analysts expected SolarEdge to report earnings of $1.31 on revenue of $549.4 million.
SEDG stock fell 0.8% to 160 during after-hours trading on the stock market today.
SEDG Stock: Revenue Outlook Tops Estimates
The company expects first-quarter revenue in the range of $615 million to $645 million. That’s above views for $578.6 million.
Israel-based SolarEdge supplies photovoltaic inverters for residential and commercial markets. Its products convert the direct current of a solar panel into alternating current.
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