SolarEdge and Enphase Tackle China Coronavirus Constraints; Shares Jump on Strong Earnings

By [email protected] SolarEdge, the market leader for U.S. residential solar inverter and optimizer sales, and microinverter maker Enphase, its distant second-place contender, both reported strong fourth-quarter 2019 earnings this week and forecast continued growth in 2020, sending their share prices up.

At the same time, both are preparing for what could be a significant impact from the coronavirus in China, which has led to massive quarantines and an economic slowdown that could affect both companies’ manufacturing and supply chains.

SolarEdge: Another record quarter and year

SolarEdge reported $418.2 million in revenue and GAAP net income of $52.8 million for the fourth quarter,

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