Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why SolarEdge Technologies Inc.'s Shares Popped 19% Today

TheMotleyFool

0 0

Why SolarEdge Technologies Inc.'s Shares Popped 19% Today

Shares of power-optimizer company SolarEdge Technologies Inc. (NASDAQ: SEDG) jumped as much as 18.5% in trading Thursday after releasing third-quarter 2017 results. At 11:15 p.m. EDT shares were still up 16.6% on the day.

Revenue was up 29.6% to $166.6 million and net income jumped 79.1% to $28.0 million, or $0.66 per share on a non-GAAP (generally accepted accounting principles) basis. Analysts were only expecting earnings of $0.55 per share, so the bottom line was a big surprise for investors.

Image source: Getty Images.

Source: Fool.com