SAN FRANCISCO, Oct. 20, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges SolarEdge Technologies, Inc. (NASDAQ:SEDG) investors who suffered substantial losses to submit your losses now.
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SolarEdge Technologies, Inc. (NASDAQ:SEDG) Investigation:
In past quarters, SolarEdge touted "record revenue from the solar segment" and shipment of a "record" number of inverters, attributing the positive results to the "strong demand and market position" of SolarEdge's offerings, including in European markets.
But on Oct. 19, 2023, the true drivers of SolarEdge's positive results came into question when the company announced preliminary financial results for the third quarter, and dramatically cut its guidance for nearly all of its key metrics for the third quarter.
The company said it now expects sales of $720-$730 million for the period, down 20% from ...
SEDG) Shares Tumble on Demand Warnings – Hagens Berman Firm Encourages Investors with Losses to Contact its Attorneys>Full story available on Benzinga.com