SEDG - SolarEdge Stock Falls As Analysts React To $300 Million Private Offering | Benzinga
Analysts from Goldman Sachs and Truist updated coverage on SolarEdge Technologies, Inc. (NASDAQ:SEDG) following the company’s announcement of a private offering of $300 million in convertible notes.
The Details:
Both research firms noted SolarEdge significantly lowered its second-quarter free cash flow guidance in the proposed offering's filing.
SolarEdge now expects negative free cash flow of $150 million for the second quarter, well-below the Street estimate of $216 million in positive free cash flow. SolarEdge cited ...