SolarEdge’s stock jumps 9% as company says supply-chain snarls ‘improving’

Shares of SolarEdge Technologies Inc.

rallied 9% in the extended session Wednesday after the maker of inverters and other products and software for solar energy reported first-quarter earnings above Wall Street expectations and said it sees “supply-chain challenges gradually improving.” SolarEdge earned $138.4 million, or $2.35 a share, in the quarter, compared with $33.1 million, or 60 cents a share, in the year-ago quarter. Adjusted for one-time items, the company earned $2.90 a share.

rallied 9% in the extended session Wednesday after the maker of inverters and other products and software for solar energy reported first-quarter earnings above Wall Street expectations and said it sees “supply-chain challenges gradually improving.” SolarEdge earned $138.4 million, or $2.35 a share, in the quarter, compared with $33.1 million, or 60 cents a share, in the year-ago quarter. Adjusted for one-time items, the company earned $2.90 a share.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market News: Uber shares soar, Yellen warns on debt ceiling, IBM, Chegg CEOs talk AITreasury Secretary Janet Yellen warns on debt ceiling as the Federal Reserve begins its two-day meeting. JOLTS report kicks off jobs data. Uber, Pfizer, Starbucks earnings in focus. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Stock market today: World shares mixed before Fed decisionEuropean shares opened higher Wednesday following losses in Asia ahead of a decision on interest rates by the Federal Reserve.
Source: wjxt4 - 🏆 246. / 63 Read more »