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SolarEdge (SEDG) Stock Drops on Soft Q4 Guidance

NEW YORK (TheStreet) -- Shares of SolarEdge Technologies (SEDG) are falling 18.77% to $18.35 on heavy trading volume on Tuesday morning after the Herziliya, Israel-based company reported strong results for the 2016 fiscal third quarter, but provided a downbeat outlook.

After yesterday's closing bell, the solar photovoltaic monitoring solutions company posted adjusted earnings of 51 cents per share, beating analysts' estimates of 37 cents per share.

Revenue for the period was $125.2 million, above Wall Street's expectations of...