Solaredge Technologies Inc
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Information Technology : Semiconductors & Semiconductor Equipment | Mid Cap Growth
Based in IsraelCompany profile

SolarEdge Technologies, Inc. offers an inverter solution for a solar photovoltaic (PV) system. The Company's products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management. The Company's power optimizers provide module-level maximum power point (MPP) tracking and real-time adjustments of current and voltage to the optimal working point of each individual PV module. The Company's solution consists of a direct current (DC) power optimizer, an inverter and a cloud-based monitoring platform that operates as a single integrated system.


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Retailer, consumer discretionary stocks suffer as weak consumption fuels PMI drop into contraction territory

12:31 pm ET September 3, 2019 (MarketWatch)

Shares of retailers and companies selling consumer discretionary goods suffered broad declines Tuesday, as a surprise contraction in manufacturing activity ( in August was hurt by a sharp drop-off in consumption. The SPDR S&P Retail ETF (XRT) slid 1.6%, to underperform the S&P 500's 0.8% decline, as 73 of 87 components lost ground.The SDPR Consumer Discretionary Select Sector ETF (XLY), which tracks sellers of what people want, fell 0.3% with 49 of 62 components declining, while SPDR Consumer Staples Select Sector ETF (XLP), which tracks sellers of what people need, rose 0.2% with 22 of 33 components gaining ground. Among the more-active consumer discretionary stocks, Ford Motor Co. (F) slid 0.6%, Macy's Inc. (M) lost 2.2%, Victoria's Secret-parent L Brands Inc. (LB) gave up 2.2% and Gap Inc. (GPS) shed 3.4%, while Inc ( (AMZN) advanced 1.1% and Starbucks Corp. (SBUX) tacked on 0.5%. The Institute of Supply Management said earlier its purchasing managers index (PMI) fell to 49.1, the lowest reading seen since January 2016, with consumption, as measured by production and employment, contributed the "strongest negative numbers" to the PMI, driven by lack of demand.

-Tomi Kilgore; 415-439-6400;

(END) Dow Jones Newswires

September 03, 2019 12:31 ET (16:31 GMT)

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