Category: SolarEdge
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SolarEdge in talks to sublease northern production plant
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Israeli solar energy company Solaredge Technologies (NASDAQ: SEDG) There are talks to rent their production factory for many Israeli and foreign companies, including defense companies, and he has told a source familiar with the “Globes”. One of the ideas that appeared in the negotiations is the possibility of using current…
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SolarEdge lays off another 400 employees
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Israeli Solar Energy Company SolarEdge technologies (Nasdaq: SEDG) announced it will lay off 400 employees worldwide, the third round of layoffs in less than a year. The company said the move is intended to reduce costs and improve efficiency and that it will also result in one-time costs of between…
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SolarEdge to sublet part of new campus to ease crisis
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Israeli Solar Technology Company SolarEdge technologies (Nasdaq: SEDG) is looking to lease part of its new campus, which is currently under construction in Glilot. A source familiar with the matter told Globes that SolarEdge is seeking at this stage to rent an entire floor on the campus for an asking…
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SolarEdge appoints new CEO – Globes
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After three months as interim CEO, energy technology company SolarEdge Technologies (Nasdaq: SEDG) has found a permanent appointment to the position in Shoki Nair, chief marketing officer, a position in which he served only six months. He will replace interim CEO Ronen Fire, who will remain with the company as…
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SolarEdge share price soars 50% from last month’s low
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Israeli Solar Energy Company SolarEdge technologies (Nasdaq: SEDG) saw its stock price rise 33% last week as it announced it would close its energy storage division in Korea. Since its lowest point last month, the stock price has risen 50.9%. SolarEdge, currently led by interim CEO and CFO Ronen Fire,…
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Trump and heavy losses drag SolarEdge to new low
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Israeli Solar Energy Company SolarEdge technologies (Nasdaq: SEDG) saw its stock price drop 22% yesterday on Wall Street, as other renewable energy stocks fell sharply following the election of Donald Trump as the next US president. The Trump administration is not expected to encourage renewable energy. After the close of…
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SolarEdge becomes short players’ favorite
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The stock price of solar technology company SolarEdge (Nasdaq: SEDG), which was at around $120 a year ago and at its peak three years ago was close to $370, is currently just $19.5, giving the company a market value of $1.1 billion. (95% down from peak). This comes after a…
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SolarEdge slumps further on plans to raise $300m bond
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Israeli Solar Energy Company SolarEdge technologies (Nasdaq: SEDG) has lost more than 90% of its value since November 2021, when it had a market cap of more than $20 billion and was Israel’s most valuable company on Wall Street. The company’s share price fell another 16% at the open of…
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SolarEdge dips after another weak quarter
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It was another weak first quarter for solar solutions company SolarEdge Technologies (Nasdaq: SEDG), and the company’s Q2 guidance suggests a recovery isn’t anytime soon. A sign of this appeared two weeks ago, when competitor Enphase Energy (Nasdaq: ENPH) released financial statements indicating that a recovery in the market was…