Is This Solar Stock Ready for a Comeback? Key Milestones Ahead
While solar energy solutions provider SolarEdge Technologies Inc. NASDAQ: SEDG shares have recently rallied off their 52-week lows, they are still trading down 66% year-to-date (YTD). Aside from a tough macroeconomic environment, high interest rates, and the bankruptcy of a large customer, the company has weathered the storm and may be on the verge of a turnaround.
Why Solar Stocks Fell Sharply on Monday
Downbeat news from SolarEdge (SEDG) weighed on solar-energy shares Monday, with stocks falling across the sector.
SolarEdge stock falls on news of second major layoff in seven months
SolarEdge Technologies shares were on track to close nearly 15% lower on Monday after the company announced that it will lay off 400 employees. CEO Zvi Lando cited the need for "meaningful measures to ensure financial stability and restore profitability" amid declining revenues and excess inventory.
SolarEdge Stock Swoons as 'Excess Inventory' Leads To Layoffs
SolarEdge Technologies (SEDG) is cutting 400 employees from its workforce thanks to an inventory backlog and declining revenue, according to a Securities and Exchange Commission (SEC) filing Monday.
Solar Stocks Slide As SolarEdge Announces Latest Round Of Layoffs
SolarEdge stock fell Monday after it announced plans for further layoffs. Other solar stocks fell as well.
SolarEdge Layoffs 2024: What to Know About the Latest Solar Job Cuts
SolarEdge (NASDAQ: SEDG ) layoffs are a hot topic on Monday as the solar energy company announces plans to cut 400 jobs. SolarEdge notes that 200 of these layoffs will take place in Israel.
SolarEdge Technologies to lay off 400 employees
SolarEdge Technologies said on Monday it would lay off 400 employees, as it works to restore profitability and ensure financial stability.
Big News for SolarEdge: Down 70%, Is It Time to Buy the Dip?
The residential solar market is still very, very weak, but SolarEdge is poised to boom when it recovers.
SolarEdge Stock Soars After Bank of America Upgrade
SolarEdge Technologies (SEDG) shares surged in intraday trading Monday following an upgrade from Bank of America, which argued the solar power equipment maker will post a profit next year and said its stock is undervalued.
SolarEdge Technologies' Shares Are Trading At 5-Year Lows: Analyst Expects 'Return To Profitability' In 2025
Shares of SolarEdge Technologies Inc SEDG spiked in early trading on Monday, after plummeting over the past month on the company's announcement of a $300 million private offering.
SolarEdge Technologies plunges on customer bankruptcy, debt offering plan
SolarEdge Technologies shares plunged almost 20% after the energy company warned it may incur an $11.4 million loss after one of its major customers filed for bankruptcy. The company wrote in a Securities and Exchange Commission (SEC) filing that it is monitoring the bankruptcy of Arizona-based solar panel installer PM&M, but that it “cannot guarantee the outcome of the proceedings and may fail to collect the amounts due to the company or collect such amounts only after significant delay.
Why Is SolarEdge (SEDG) Stock Down 17% Today?
SolarEdge (NASDAQ: SEDG ) stock is taking a beating on Tuesday after the company announced that one of its customers has filed for bankruptcy. According to a filing with the Securities and Exchange Commission (SEC), SolarEdge customer PM&M Electric, Inc. has filed for Chapter 7 bankruptcy.
