SolarEdge Shares Surge on U.S. Clean Energy Tax Guidance

Friday witnessed a significant rally in SolarEdge shares, with the stock climbing 4.11 percent to close at $34.45. This upward momentum was primarily fueled by newly released guidelines from the U.S. Treasury Department and the IRS concerning tax credits for clean energy initiatives, a development that provided a substantial boost to the entire solar sector.

Beyond the supportive U.S. policy news, the company is demonstrating robust traction in key international markets. Earlier in the week, SolarEdge reported impressive demand figures from Germany for its recently launched commercial energy storage system. The company secured over 150 orders totaling more than 15 MWh within just a few weeks of the product’s introduction. This Read more...