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SolarEdge Technologies Inc Riding Solar Tailwinds in 2017

TheMotleyFool

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SolarEdge Technologies Inc Riding Solar Tailwinds in 2017

SolarEdge Technologies Inc (NASDAQ: SEDG) announced another strong quarter last week, sending the stock higher as a result. Revenue jumped 22% from a year ago to $166.6 million, gross margin hit 34.9%, and net income came in at $31.5 million, or $0.61 per share.

There isn't a lot that's going wrong for SolarEdge Technologies at the moment. The company's end markets are growing, it's taking market share, and an expanding product line is helping broaden the revenue base. Here's what to know about this company and what to watch in the future.

Image source: Getty Images.

Source: Fool.com