SolarEdge Technologies, Inc. (SEDG) witnessed a significant surge of 5.61% in its stock price on Wednesday, fueled by the company's achievement of Build America, Buy America (BABA) Act compliance for its comprehensive U.S.-manufactured solar inverter portfolio.
The announcement that SolarEdge's planned Commercial & Industrial (C&I) 480V product line, along with its residential and commercial inverter solutions, are now BABA-compliant opens up new avenues for the company to participate in federal infrastructure projects and federally funded grants.
This milestone not only supports domestic manufacturing and job creation across SolarEdge's facilities in Florida and Texas but also positions the company to capitalize on the growing demand for premium U.S. solar technology. Industry experts and partners have praised SolarEdge's commitment to delivering cutting-edge and compliant inverter solutions, highlighting the benefits of maximizing system performance, design flexibility, and long-term investment viability.
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