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SolarEdge is willing to sacrifice margins today to capture huge demand growth in Europe, CFO says

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SolarEdge is willing to sacrifice margins today to capture huge demand growth in Europe, CFO says

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SolarEdge shares tumbled after the company's second-quarter results, but the company's CFO CFO Ronen Faier believes that higher costs now will pay off.

In a bid towards whole home electrification, getting that first product in the door can then mean the customer uses the same company for a backup battery system and an EV charger, for example.U.S.climate package: a catalyst for domestic production?

SolarEdge reported record revenue of $727.8 million during the second quarter, slightly short of the $730.7 million analysts surveyed by StreetAccount were calling for.


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Category: Technology

Topics: Technology Energy Invesco Ltd Breaking News: Business Environment Breaking News: Markets Guggenheim Solar ETF Europe News Renewable Energy Climate Climate Policy Stock markets United States Cnbc Wall Street Solar power Clean Tech Economy Breaking News: Investing Enphase Energy Inc Markets Clean Energy Articles Alternative and sustainable energy Source:tagname:CNBC US Source Earnings Solaredge Technologies Inc

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Article Type: News Report

Published On: 2022-08-05, 14:51:53

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Language: English

Reading Time: 5 minutes read

Article Length: 801 words

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News ID: 115439

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