Why SolarEdge Technologies Stock Burned Brightly Today

Struggling next-generation energy company SolarEdge Technologies (SEDG 8.55%) gave investors a reason to be sunny and cheerful on Thursday with its latest news. The company announced it was shutting down one of its less significant businesses, and the market reacted by sending the stock price nearly 9% higher. This was in sharp contrast to the slumping S&P 500 index, which ended the day 0.4% lower.Pulling the plugBefore market open, SolarEdge announced that it is ceasing all activity in its energy storage d ...