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SolarEdge shares surge after quarterly earnings top estimates

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A Solarpro employee installs a SolarEdge Technologies Inc. inverter at a residential property in Sydney, Australia, on Monday, May 17, 2021.

Brendon Thorne | Bloomberg | Getty Images

Shares of SolarEdge jumped nearly 12% during premarket trading on Tuesday after the company topped expectations during the second quarter and provided an upbeat forecast.

SolarEdge’s results come as the chip shortage and the rising cost of raw materials has weighed on the solar sector broadly.

“We are successfully navigating through the challenging supply chain environment while continuing to support our customers’ growth and expansion with new and existing products,” Zvi Lando, chief executive officer at…



Source cnbc.com

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