SolarEdge Hauls in Record Revenues Following Recent Non-Solar Acquisitions

May 06, 2019 - Greentech Media
Mergers and Acquisitions

SolarEdge's core solar microelectronics business helped deliver record-breaking revenues in the first quarter of 2019, even as integration costs related to the company's string of recent acquisitions weighed on its earnings.

SolarEdge reported revenues of $271.9 million for the first quarter, up 3 percent from the fourth quarter of 2018 and up 30 percent from $209.9 million in the same quarter last year.

This kind of performance has become fairly standard for the Israel-based ...