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. Similarly, revenue from its core solar business rose 1% compared to Q2 2019, but dropped 24% from the first quarter. Strength in the Netherlands, Germany, Italy, and Australia bolstered its business as sales in the U.S. declined.