Avondale Partners Upgrades SolarEdge Technologies (SEDG) to Market Outperform

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SolarEdge Announces Fiscal First Quarter Financial Results

November 4, 2015 4:02 PM EST

FREMONT, Calif.--(BUSINESS WIRE)-- SolarEdge Technologies, Inc. (NASDAQ: SEDG) today announced its financial results for the fiscal first quarter ended September 30, 2015.

Fiscal First Quarter 2016 Highlights

Record revenue of $115.1 million, up 16.9% from last quarter and 71.8% year-over-year GAAP gross margin of 29.1% GAAP net income of $14.4 million Non-GAAP net income of $16.3 million 356 Megawatts (AC) of inverters shipped

We are very satisfied with another strong quarter of record revenues and... More