Why SolarEdge Technologies' Shares Popped 12.1% on Wednesday
Shares of SolarEdge Technologies (NASDAQ: SEDG) had another great day today, gaining as much as 12.1% in a steady climb throughout the day. Shares were hitting their daily highs as I'm writing this at 2:35 p.m. EDT.
Yesterday's jump in SolarEdge's shares was because of second-quarter earnings that came in better than the market's very low expectations. Revenue grew just 2%, but the company increased profits by 11.5%.
Image source: Getty Images.
Source Fool.com
