SEDG Stock Recent News

Investors love to back a winner — except for short-sellers. These contrarian traders prefer betting stocks will fall, and the further the better.

SolarEdge Technologies (NASDAQ: SEDG ) stock is down 90% from where it stood one year ago. Not only does it mean the business has fallen on hard times but there are likely few investors left after the rout.

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.

Downbeat news from SolarEdge (SEDG) weighed on solar-energy shares Monday, with stocks falling across the sector.

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 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.

SolarEdge stock fell Monday after it announced plans for further layoffs. Other solar stocks fell as well.

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 said on Monday it would lay off 400 employees, as it works to restore profitability and ensure financial stability.

MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge announced today that it has reached significant milestones in the Company's U.S. manufacturing strategy.