SolarEdge Stock Jumps 17% as Tax-Credit Deadline Puts SEDG Turnaround Back on Watch
SolarEdge Technologies Inc. surged 17.47% Thursday, settling at $50.24, as the solar-equipment maker rode a burst of buying on the Nasdaq. Traders braced for a potential spike in orders with a July 4 U.S. solar tax-credit cutoff looming. According to Insider Monkey, developers aiming to lock in the federal incentive are expected to snap up equipment fast to secure safe-harbor status.