L R AS Published on Saturday 9 May 2020 - n° 321 - Categories:company results
SolarEdge expects a significant drop in activity in the second quarter of the year.
SolarEdge reported first-quarter revenues of $431 million and net income of $42 million (+122% for the first quarter of 2019and a 20% decline for the fourth quarter).
The Board of Directors includes
408 million related to solar activity. It corresponds to the delivery of 1.8 GW of inverters.
Although the company was not affected by the pandemic in the first quarter, it expects a significant drop in activity in the second quarter, reducing its sales to between $305 and $335 million.
PV Magazine of 7 May
