SolarEdge Posts 5c Adjusted EPS in Q2, Topping Expectations
SEDG sits 91% above its 52-week low of $23.01.
Summary
SolarEdge reported Q2 adjusted EPS of 5 cents, a significant swing from prior losses. The company had posted a net loss of $1.45 per share in Q1, so this marks a return to profitability on an adjusted basis. No revenue figure was provided, but the EPS alone suggests cost controls or improving demand are taking hold. The stock closed at $44 ahead of the release, giving a market cap near $3B. The next catalyst will be the full earnings release and call, where revenue and guidance will clarify whether this is a sustainable turnaround.
At the time of this announcement, SEDG was trading at $44.00 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $3B. The 52-week trading range was $23.01 to $81.25. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.