The share worth ended the week at $27.54, giving a market cap of $1.6 billion.
Israeli photo voltaic power firm SolarEdge Applied sciences (Nasdaq: SEDG) is continuous to commerce with nice volatility however the general pattern is optimistic. The share worth jumped 16.7% on a excessive buying and selling quantity on Wall Road on Thursday and rose general 39% final week on a shortened buying and selling week due to the July 4 vacation. The share worth ended the week at $27.54, giving a market cap of $1.6 billion.
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SolarEdge, led by CEO Shuki Nir, designs, develops, manufactures, and sells direct present (DC) optimized inverter techniques for photo voltaic power. Final week US president Donald Trump’s “Huge Lovely Invoice,” which included unfavorable information for the photo voltaic and wind power industries, within the type of the cancellation of tax incentives for tasks from 2027, was accredited by Congress. Nonetheless, on the final minute, a tax clause that may have made it much more tough for the business was canceled, which led to jumps in shares within the sector.
In line with “The Wall Road Journal,” most analysts are skeptical about SolarEdge inventory: out of 33, solely 2 have optimistic suggestions, 19 are impartial and 12 are unfavorable. The common goal worth per share is considerably decrease than the value on Nasdaq and displays a draw back of about 45%.
Printed by Globes, Israel enterprise information – en.globes.co.il – on July 6, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
Shuki Nir credit score: SolarEdge