SolarEdge Technologies (SEDG) shares cratered Tuesday, a day after the solar power equipment maker announced that one of its customers has filed for Chapter 7 bankruptcy and likely won't be able to pay its multi-million-dollar debt. It also warned about current-quarter spending, and announced a new sale of bonds.
SolarEdge Technologies (NASDAQ: SEDG) is making headlines today with two significant pieces of news that have sent shockwaves through the market. The company announced plans for a private placement of $300 million in convertible senior notes, which will mature in 2029.
PM&M Electric owes the solar panel company $11.4 million.
The solar market could be set to start growing again.
SolarEdge (SEDG) introduces its three-phase solar inverter and home battery solution designed to achieve the maximum efficiency possible in its class by boosting power density and efficiency.