Israel-based SolarEdge Technologies, Inc., a leader in smart energy solutions, has released its financial results for Q3 ending September 30, 2024. SolarEdge reported revenues of $260.9 million, reflecting a 2% decrease from the prior quarter's $265.4 million. The solar segment generated $247.5 million in revenue, a 3% increase from the previous $241.2 million. GAAP gross margin recorded a steep decline to -269.2%, down from -4.1% last quarter. According to the company, it shipped 850 MW (AC) of inverters and 189 MWh of PV batteries. Projected revenues for the next quarter are anticipatedbetween $180 million and $200 million. SolarEdge expects a non-GAAP gross margin between -4% and 0%, including approximately 1,000 basis points from the IRA manufacturing tax credit.