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.

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