The SolarEdge stock surged to $303.63 from $257.71; this was a month’s peak. Last thirty days, the stock was fluctuating. On July 19, it dropped to $226.90 by dipping 25%. Despite that, today, the stock with enormous speed booms out.
SolarEdge came out with quarterly profits of $1.12 per share. This report shows the earnings surprises with 14.29% per share. Photovoltaic products maker was expected to earn $1.01 per share, but it could achieve with only $0.98. The company’s consensus EPS estimates have surpassed three times.
SolarEdge posted revenue of $480.06 million for the quarter ended June 2021. This compares to the year-ago results of $331.85 million. The stock’s sustainability current share price changes based on released numbers and later earnings expectations will lean management’s commentary on the earnings call. From the beginning of the year, SolarEdge shares have lost 18.7%, compared with the increase in the S&P 500 index.