SolarEdge's share price has picked up 36.7% since the results were published, and now stands at $88.17, putting its market cap at $4.23 billion, compared with $3.06 billion a week ago.
Delek controlling shareholder: Ithaca will produce and market 82,000 barrels of oil at $65 a barrel. This means that 50% of the amount is protected, regardless of the price of oil.
The deal involves an allocation of preferred stock against an investment of some $300 million.
Experts believe double the amount of gas already discovered remains to be found beneath Israeli waters but the Royee fiasco shows the incompetence of all concerned.
SolarEdge market cap up $1b in past week