SolarEdge Announces First Section 45X Credit Sale
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SolarEdge Technologies, Inc. (Nasdaq: SEDG) announced the sale of its first §45X Advanced Manufacturing Production Tax Credits for approximately $40 million. These credits were generated from sales of U.S.-made inverters in the first half of 2024.
November 05, 2024 | 12:30 pm
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SolarEdge Technologies has successfully sold its first §45X Advanced Manufacturing Production Tax Credits for $40 million, enhancing its financial position. This move reflects the company's ability to capitalize on U.S. manufacturing incentives.
The sale of tax credits for $40 million indicates a positive financial impact for SolarEdge, as it leverages U.S. manufacturing incentives. This transaction is likely to improve the company's cash flow and financial stability, which could positively influence its stock price in the short term.
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