SolarEdge Technologies, Inc. (SEDG) shares are gaining more than 10 percent on Thursday morning trade as the company reported an increase in profit for the third quarter. Currently, the shares are at $228.97, up 10.63 percent from the previous close of $206.56 on a volume of 1,070,638.
For the quarter, the smart energy technology company's earnings increased to $43.75 million or $0.83 per share from $41.63 million or $0.81 per share in the prior year. Adjusted earnings per share were $1.21 per share. Wall Street analysts were looking for earnings of $0.14 per share on revenue of $358.83 million.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.