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Stock impact report

SolarEdge: Mediocre Outlook Trumped By AI Data Center Enthusiasm - Hold [Seeking Alpha]

SolarEdge Technologies, Inc. (SEDG) 
Last solaredge technologies, inc. earnings: 2/19 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.solaredge.com
Company Research Source: Seeking Alpha
However, the company's Q4 revenue guidance fell short of consensus expectations, thus resulting in an initial 20% pre-market selloff. Shares quickly reversed course and rallied to new multi-year highs after management elaborated on the significant revenue potential from the company's new AI data center collaboration with Infineon Technologies. While SolarEdge's AI data center opportunity could indeed be significant, there won't be large-scale deployments of the new 800 VDC architecture anytime soon. In the meantime, the company will face a challenging U.S. residential solar market next year. Given the combination of near-term headwinds and future potential, I am reiterating my "Hold" rating on the shares. romaset/iStock via Getty Images Note: I have covered SolarEdge Technologies, Inc. SEDG or "SolarEdge" previously, so investors should view this as an update to my earlier articles on the company. On Wednesday, SolarEdge Technologies reported better-than-expected third- Show less Read more
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