Why SolarEdge Technologies Shares Are Rising Following Enphase Energy's Earnings Report

SolarEdge Technologies Inc SEDG shares are trading higher by 4.03% at $254.62 in sympathy with Enphase Energy Inc ENPH after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates.

Enphase said first-quarter revenue increased 7% year-over-year to $441.3 million, which beat the $432.1 million estimate. The company reported quarterly adjusted earnings of 79 cents per share, which beat the estimate of 66 cents per share… Read More

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SolarEdge Technologies designs, develops and sells direct current optimized inverter systems for solar photovoltaic installations.

According to data from Benzinga Pro, SolarEdge Technologies has a 52-week high of $389.71 and a 52-week low of $199.33.