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SolarEdge Technologies Inc. late Thursday cut its outlook for third-quarter profits and gross margins and said it expects “significantly lower” fourth-quarter revenue as it faced a slowdown in solar-power installations in Europe.
SolarEdge’s stock SEDG fell more than 15% in the extended session. The maker of inverters and other equipment used in solar-power systems said that the slowdown was “unrelated” to the Israel-Hamas war.
“During…
