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Why SolarEdge Stock Is Soaring Today

TheMotleyFool

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Investors pushed the share price of SolarEdge Technologies (NASDAQ: SEDG), a smart energy-technology company, higher today after the company reported third-quarter sales that outpaced Wall Street's expectations and issued strong fourth-quarter revenue guidance.

SolarEdge's share price has jumped 17.1% as of 12:09 p.m. ET.

SolarEdge reported sales of $836.7 million -- an impressive 59% increase from the year-ago quarter -- easily ahead of analysts' consensus estimate of $822.4 million.

Source Fool.com

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