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0 0 0.00046403712296991 0.000232018561484873 0.000232018561484873 -0.000812064965197137 -0.000580046403712264 0
Stock impact report

SolarEdge (SEDG) Stock Is Up, What You Need To Know [Yahoo! Finance]

INFINEON TECHS AG S/ADR (IFNNY) 
NASDAQ:AMEX Investor Relations: infineon.com/cms/en/about-infineon/investor
Company Research Source: Yahoo! Finance
A key turning point for the stock had been the third quarter financials, where SolarEdge beat analyst estimates. The company reported a much smaller loss of $50.1 million compared to $1.23 billion in the same quarter of the previous year. Furthermore, cash flow for the first nine months of the year turned positive at $51.6 million, a significant improvement from a negative cash flow of $351 million in the prior year's period. Investors were also encouraged by an announcement of a collaboration with chip company Infineon to develop energy infrastructure for data centers, which was seen as a potential long-term growth area. Adding to the positive news, the company's Nexis platform was described as an ambitious leap in residential clean energy, featuring a modular, “LEGO-like” design to simplify installation and maintenance. Is now the time to buy SolarEdge? Access our full analysis report here SolarEdge's shares are extremely volatile and have had 86 moves greater than 5% over the Show less Read more
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