Smart energy technology firm SolarEdge Technologies, Inc. (NASDAQ: SEDG) has reported mixed results for the first quarter of 2022. Even though adjusted EPS jumped to $1.20 from $0.98 in the same quarter last year, it missed the Street’s estimate of $1.28. Meanwhile, revenues surpassed analysts’ expectations of $635.47 million to reach a record $655.1 million, reflecting a year-over-year rise of 62%. The solar segment’s revenues also grew 62% to $608 million. Further, the company shipped 2.13 Gigawatts (AC) of inverters during the quarter. Q2 Guidance Along with the first-quarter results, SolarEdge provided guidance for the second quarter.
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SolarEdge Technologies (NASDAQ:SEDG)
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