FINWIRES · TerminalLIVE
FINWIRES

SolarEdge Technologies Launches Higher-Capacity Commercial Storage System in Europe, Asia

By

SolarEdge Technologies (SEDG) said Tuesday it launched its new higher-capacity commercial storage system CSS-OD 197 in Europe and Asia.

The new system consists of a 197 kilowatt-hour-rated battery cabinet paired with one or two 50-kilowatt battery inverters and is scalable up to 1 megawatt and 4 megawatt-hours per site, the company said.

The system supports a wide range of commercial and industrial storage use cases for medium- to large-scale commercial sites, SolarEdge said.

SEDG shares were up past 5% Tuesday afternoon.

Price: $41.85, Change: $+2.03, Percent Change: +5.10%

Related Articles

Wire

IDP Education to Introduce Malaysia as Study Destination

IDP Education (ASX:IEL) expanded its range of study destinations by supporting students to study in Malaysia, according to a Tuesday statement.The company cited changing student preferences as a reason for the move, with growing demand for new destinations offering strong education quality, career outcomes, and affordable study options.The initial rollout will focus on a select number of markets as part of a phased pilot.IDP Education's shares declined 1% in recent trading on Tuesday.

ASX:IEL
Wire

Infratil Says Moody's Assigns CDC Data Centers 'Baa2' Rating, Stable Outlook

Infratil (NZE:IFT, ASX:IFT) said Moody's Ratings has assigned CDC Data Centers Australia its first public investment grade credit rating of "Baa2" with a stable outlook, according to Tuesday filings with the Australian and New Zealand bourses.The rating reflects CDC's strong financial position, stable long-term contracted revenues, and exceptionally long lease durations averaging 28.4 years, per the filing.The rating will enable CDC to improve access to capital markets, supporting further large-scale infrastructure development driven by rising demand from government, hyperscale cloud providers, and critical industries, the filing added.The company's Kiwi shares shed 1% in recent Tuesday trade.

ASX:IFTNZE:IFT
Wire

Spruce Biosciences Begins Public Offering of Stock, Prefunded Warrants; Shares Fall After Hours

Spruce Biosciences (SPRB) said late Monday it commenced an underwritten public offering of common shares or related prefunded warrants.The company expects to grant underwriters a 30-day option to buy up to 15% more stock at the public offering price, less underwriting discounts and commissions.The offering is subject to market and other conditions, Spruce said.Spruce shares fell 13% in after-hours trading.

$SPRB