SolarEdge Technologies, Inc. (NASDAQ:SEDG) is reporting second quarter financial results on Monday 3rd August 2020, after market close.
According to analysts surveyed by Thomson Reuters, SEDG is expected to report 2Q20 income of $ 0.69 per share from revenue of $ 319.42 million.
For the full year, analysts anticipate top line of $ 1470.15 million, while looking forward to income of $ 3.43 per share bottom line.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 305.00 million ~ $ 335.00 million
Click Here For More Historical Outlooks Of SolarEdge Technologies, Inc.
Previous Quarter Performance
SolarEdge Technologies, Inc. unwinded income for the first quarter of $ 0.95 per share, from the revenue of $ 431.22 million. The quarterly earnings hiked 48.44 percent while revenues increased 58.61 percent compared with the same quarter last year.
Street analysts expected SolarEdge Technologies, Inc. to report income of $ 1.25 per share on revenue of $ 420.35 million for the first quarter. The bottom line results missed street analysts by $ 0.3 or 24 percent, at the same time, top line results outshined analysts by $ 10.87 million or 2.59 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of SEDG was $ 175.10, representing a 187.38 % increase from the 52 week low of $ 60.93 and a 3.69 % decrease over the 52 week high of $ 181.81.
The company has a market capital of $ 8.69 billion and is part of the Technology sector and Solar industry.
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Recent Analyst recommendations
- On 25th June 2020, downgraded by Goldman Sachs Group to Sell from Neutral rating, with $ 126.00 target price.
Conference Call
SolarEdge Technologies, Inc. will be hosting a conference call at 4:30 PM eastern time on 3rd August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.solaredge.com
SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. Its SolarEdge system consists of power optimizers, inverters, communication and smart energy management solutions, and a cloud based monitoring platform. The companys products are used in a range of solar market segments, such as residential, commercial, and small utility-scale solar installations.
