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Benzinga
Benzinga
Business
Henry Khederian

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

ENPH SolarEdge Technologies Enphase Nasdaq Enphase Energy Inc SolarEdge Technologies Inc

SolarEdge Technologies Inc (NASDAQ:SEDG) shares are trading higher by 4.03% at $254.62 in sympathy with Enphase Energy Inc (NASDAQ: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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