Shares of Israel-based SolarEdge Technologies, Inc. (SEDG) are surging more than 16 percent on Wednesday's pre-market session, after reporting a narrower loss for the fourth quarter, compared to the prior year.
Quarterly loss was $287.4 million, narrower than loss of $1.231 billion in the prior quarter. On a per share basis, loss was $5.00, compared to $21.58 a year ago.
On an adjusted basis, loss was $202.5 million or $3.52 per share. In the prior year, adjusted loss was $899.81 million or $15.781 in the prior quarter.
The provider of DC optimized inverter systems for solar photovoltaic nstallations reported a 17 percent decline in revenues to $196.2 million, from $235.4 million in the previous year.
Solar segment revenues declined 15 percent to $189.0 million, from $222.1 million, last year.
Looking ahead to the first quarter 2025, the company projects revenues to be within the range of $195 million to $215 million.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.