SolarEdge Technologies is trading 4.1% up at $40.63 after a U.S. regulatory move targeting Chinese-made connected power inverters improved its competitive backdrop.
- The FCC formally banned imports of new Chinese connected inverters, citing national security risks, which serves as a significant regulatory tailwind for the company.
- Shares reached a session high of $41.50, a 6.3% jump, immediately following the news of the import restrictions.
- The stock's pre-market strength is further supported by a broadly firmer market and positive sentiment across the energy sector.