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FinancialNews


  • 23-02-19

    Israeli SolarEdge jumps 54 percent in 2018 revenue

    (MENAFN) SolarEdge, a major smart energy technology firm based in Israel, recorded a 54 percent jump in its revenue by the end of 2018 to smash a new record.

    Total revenues for the Israeli company during the first quarter of 2018 surged 11 percent to stand at USD236.7 million from the third quarter, while witnessing a 40 percent boost on annual basis.

    Meanwhile, gross margin for the Israeli firm reportedly accounted for 30.2 percent to push its profits to hit USD0.27 a share.

    The firm further delivered shipments of 1.1GW of inverters by the fourth quarter to reach 3.9GW by the end of the year.

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