SolarEdge (SEDG) to Report Q1 Earnings: What's in the Cards?

SolarEdge (SEDG) to Report Q1 Earnings: What's in the Cards?


SolarEdge (SEDG) to Report Q1 Earnings: What's in the Cards?
Zacks.com
4/29/2021
SolarEdge Technologies, Inc. SEDG is set to report first-quarter 2021 results on May 3, after market close. In the last reported quarter, the company delivered an earnings surprise of 12.64%.
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Let’s see how things have shaped up prior to this announcement.
Factors at Play
Growing strength in the U.S. residential solar market along with healthy growth observed in the international markets, particularly across Europe and Australia, is expected to have contributed favorably to SolarEdge Technologies’ first-quarter revenues.
Furthermore, the company is expected to have supplied approximately 85% of its U.S. products without tariffs by the end of the first quarter as it continues to ramp up production in its Sella 1 manufacturing facility in Israel along with its facilities in Vietnam and Hungary. Also, consistently strong demand for its EnergyHub single-phase storage inverter is likely to have benefited SolarEdge Technologies’ top-line performance.

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