India, Feb. 19 -- Shares of Israel-based SolarEdge Technologies, Inc. (SEDG) are surging more than 16 percent on Wednesday's pre-market session, after reporting a narrower loss for the fourth quarter, compared to the prior year.
Quarterly loss was $287.4 million, narrower than loss of $1.231 billion in the prior quarter. On a per share basis, loss was $5.00, compared to $21.58 a year ago.
On an adjusted basis, loss was $202.5 million or $3.52 per share. In the prior year, adjusted loss was $899.81 million or $15.781 in the prior quarter.
The provider of DC optimized inverter systems for solar photovoltaic nstallations reported a 17 percent decline in revenues to $196.2 million, from $235.4 million in the previous year.
Solar segment rev...