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SolarEdge Technologies, Inc. (NASDAQ:SEDG) shares are trading lower after the company reported third-quarter results yesterday. Revenues were $260.9 million, missing the consensus of $269.38 million.
Revenues from the solar segment were $247.5 million, up 3% from $241.2 million in the prior quarter and down 63% from $676.9 million in the same period last year.
The company shipped 850 Megawatts (AC) of inverters and 189 MWh of batteries for PV applications in the quarter.
Adjusted gross margin was negative 265.4% versus a positive margin of 0.2% in ...
