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SolarEdge Says Global Demand Offset U.S. Weakness in Q2

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SolarEdge Says Global Demand Offset U.S. Weakness in Q2

Smart energy solutions provider SolarEdge (NASDAQ: SEDG) said in its second-quarter earnings report that its overall business remained strong as rising international sales compensated for declining demand in the U.S.

SolarEdge said it shipped 1.44 gigawatts (GW) of solar panel inverters for the quarter, up 11% year over year, but down 22% from the first quarter of 2020.

Image source: Getty Images.

Source Fool.com

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