SolarEdge Technologies Inc. (SEDG)
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.
SolarEdge Technologies Stock Plunges on Customer Bankruptcy
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 stock plunge: Bargain buy or falling knife?
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.
SolarEdge Stock Tumbles After Customer Files for Bankruptcy. It Has More Bad News.
PM&M Electric owes the solar panel company $11.4 million.
Enphase and SolarEdge Stock: Time to Buy Before They Skyrocket?
The solar market could be set to start growing again.
SolarEdge (SEDG) Launches Inverter & Battery Solution in Europe
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.
