FBR Capital Downgrades SolarEdge Technologies (SEDG) to Market Perform; Sluggish U.S. Solar Market
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SolarEdge Announces Quarter Ended September 30, 2016 Financial Results
November 9, 2016 4:05 PM ESTFREMONT, Calif.--(BUSINESS WIRE)-- SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in PV inverters, power optimizers, and module-level monitoring services, today announced its financial results for the quarter ended September 30, 2016.
Quarter Ended September 30, 2016 Highlights
Revenues for the quarter of $128.5 million GAAP gross margin for the quarter of 32.6% GAAP operating income for the quarter of $18.2 million GAAP net income for the quarter of $15.6 million Non-GAAP net income for the quarter of $20.9 million... More