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MILPITAS, Calif.--(BUSINESS WIRE)--Summit Ridge Energy expected to standardize its rooftop solar installations with SolarEdge's U.S.-manufactured inverter solutions for commercial solar.
In the most recent trading session, SolarEdge Technologies (SEDG) closed at $14.71, indicating a -1.87% shift from the previous trading day.
Shares of SolarEdge Technologies Inc (NASDAQ:SEDG) are down 9.4% at $15.94 at last check, after Citigroup downgraded the solar name to "sell" from "neutral," with a price-target cut to $9 from $12, noting high operating expenses.
MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge today announced the appointment of Yoram Tietz and Gilad Almogy to its Board of Directors, effective January 6, 2025.
Citigroup cut shares to sell less than a month after Goldman Sachs gave a rare double upgrade to Buy.
SolarEdge Technologies, Inc. SEDG shares are trading higher on Tuesday. On Monday, Goldman Sachs analyst Brian Lee raised its price target from $19 to $21, while reiterating a Buy rating.
SolarEdge plans to slash 400 more jobs following the dismissal of 500 workers a little more than a month ago.
MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge announces safe harbor agreements as well as second sale of §45X Advanced Manufacturing Production Tax Credits.
MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, will report financial results for the third quarter ended September 30, 2024 after market close on Wednesday, November 6, 2024. Management will host a conference call at 4:30 P.M. ET on Wednesday, November 6, 2024 to discuss these results. The call will be available, live, to interested parties by dialing: United States/Canada Toll Free: +1 800-343-4136 Inter.
SolarEdge's revenue has stabilized, with multiple positive catalysts including normalized U.S. inventories, rebounding European demand, and rising U.S. electricity prices. The valuation of SEDG stock is low, and despite some risks facing the company, the balance sheet situation is manageable, making it a buy for risk-tolerant, long-term investors. SolarEdge's Q2 revenue increased sequentially, driven by strong U.S. residential market sales and improved commercial sales, despite a year-over-year decline.