Why Shares of SolarEdge Soared 12% in August

After dropping 6% in July, shares of SolarEdge Technologies (NASDAQ: SEDG) rebounded in August and climbed 12%, according to data provided by S&P Global Market Intelligence.

Besides the company's strong second-quarter earnings report, investors warmed up to the solar stock in response to its third-quarter guidance and the positive coverage it received from Wall Street.

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Source Fool.com