Why SolarEdge Technologies Stock Burned Brightly Today [Yahoo! Finance]
SolarEdge Technologies, Inc. (SEDG)
Last solaredge technologies, inc. earnings: 2/19 04:05 pm
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investors.solaredge.com
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Source: Yahoo! Finance
The company announced it was shutting down one of its less significant businesses, and the market reacted by sending the stock price nearly 9% higher. This was in sharp contrast to the slumping S&P 500 index, which ended the day 0.4% lower. Before market open, SolarEdge announced that it is ceasing all activity in its energy storage division. This will affect roughly 500 workers, the bulk of whom are in South Korea. The solar company expects the move will save it around $7.5 million in expenses every quarter. Assets related to the business are intended to be sold; these include the manufacturing facilities in its possession. Are You Missing The Morning Scoop? Breakfast News delivers it all in a quick, Foolish, and free daily newsletter. Sign Up For Free » In the press release announcing the measure, SolarEdge quoted its interim CEO Ronen Faier as saying that it represents the "continued execution of two of our main priorities: financial stability through cost reduction, return t
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SEDG
News
- SolarEdge Technologies, Inc. (NASDAQ: SEDG) was upgraded by analysts at Glj Research from a "strong sell" rating to a "strong-buy" rating.MarketBeat
- SolarEdge Stock Pops on Reported Analyst Double Upgrade [Yahoo! Finance]Yahoo! Finance
- SolarEdge Technologies, Inc. (NASDAQ: SEDG) was upgraded by analysts at The Goldman Sachs Group, Inc. from a "sell" rating to a "buy" rating. They now have a $19.00 price target on the stock, up previously from $10.00.MarketBeat
- SolarEdge Begins Shipping 'USA Edition' Home Battery, Expanding Company's End-to-End, Domestic Content Portfolio [Yahoo! Finance]Yahoo! Finance
- SolarEdge Begins Shipping 'USA Edition' Home Battery, Expanding Company's End-to-End, Domestic Content PortfolioBusiness Wire
SEDG
Earnings
- 11/6/24 - Miss
SEDG
Sec Filings
- 12/6/24 - Form 4
- 12/6/24 - Form 4
- 12/6/24 - Form 3
- SEDG's page on the SEC website