mesut zengin/iStock via Getty Images SolarEdge Technologies (NASDAQ:SEDG) -7.1% pre-market Monday after saying it plans to lay off 400 employees, including 200 in Israel, as it seeks to restore profitability; the company has said its workforce totaled 5,633 employees as of December 31. In a letter to employees, SolarEdge (SEDG)Continue Reading
SolarEdge Technologies (NASDAQ:SEDG) has priced its private offering of $300M convertible senior notes due 2029. The notes will bear interest at 2.25% per year, payable semiannually, beginning on January 1, 2025. They will mature on July 1, 2029, unless earlier repurchased, redeemed or converted. Initial purchasers will have a 13-dayContinue Reading
mesut zengin/iStock via Getty Images SolarEdge Technologies (NASDAQ:SEDG) -21.7% in Tuesday’s trading, on pace for its lowest close in nearly seven years, after disclosing a customer that owes it $11.4M has filed for bankruptcy and may not be able to repay the full amount. Other solar names also trade lower,Continue Reading
Lari Bat/iStock via Getty Images SolarEdge Technologies (NASDAQ:SEDG) -13.9% post-market Monday after announcing plans for a private placement of $300M of convertible senior notes and disclosing that one of its customers filed for Chapter 7 bankruptcy. The company said the proceeds from its offering of convertible senior notes due inContinue Reading
