SolarEdge (SEDG) Nosedives 9.9% as Tax Credit Deadline Looms

We precocious published 10 Stocks Already Hurting successful December. SolarEdge Technologies, Inc. (NASDAQ:SEDG) is 1 of the apical performers connected Monday.

SolarEdge fell by 9.88 percent connected Monday to decorativeness astatine $32.92 apiece arsenic investors unloaded positions amid the looming deadline for cleanable vigor taxation credits.

Currently, residential customers are enjoying arsenic overmuch arsenic 30 percent taxation credits from the government, a subsidy which volition expire connected December 31, 2025 arsenic stated nether the provisions of the One Big Beautiful Bill Act which President Donald Trump signed into instrumentality successful July this year.

Analysts person earlier projected that the looming deadline could prop up income of cleanable vigor firms successful the 2nd fractional of 2025 connected expectations that customers would scramble to get installations done anterior to the deadline. Thereafter, net are expected to dwindle connected expectations of little star installation sales.

Pixabay/Public Domain

In different news, SolarEdge Technologies, Inc. (NASDAQ:SEDG) announced that it successfully installed successful Germany its CSS-OD retention system—its precocious vigor retention solution designed for commercialized and concern facilities.

Following the launch, SolarEdge Technologies, Inc. (NASDAQ:SEDG) said that it received much than 150 orders equivalent to 15 MWh, reflecting beardown request from PV installers seeking to adhd vigor retention services.

“The marketplace effect to the CSS-OD has been exciting, creating a beardown caller gross watercourse that taps into our starring C&I star business. With galore countries successful Europe shifting distant from nett metering and becoming self-consumption markets, the commercialized retention conception is steadily growing,” said SolarEdge Technologies, Inc. (NASDAQ:SEDG) Chief Commercial Officer Naama Ohana.

While we admit the imaginable of SEDG arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.