SolarEdge, a company that makes inverters for solar panels, will shed about 16% of its workers. The company said Sunday roughly 900 people will lose their jobs in a restructuring plan "designed to reduce operating expenses and align its cost structure to current market dynamics." It called industry conditions "challenging" in a filing with the Securities and Exchange Commission (SEC). The layoffs will occur over the first six months of the year, according to SolarEdge. More than half of the affected employe ...

Key Takeaways o ¢ o SolarEdge shares rose after it said it was slashing its workforce to cut costs amid a slump in demand for solar products. The maker of solar power equipment is laying off 900 workers, or 16% of its workforce. CEO Zvi Lando said the job cuts and other cost reductions were needed for SolarEdge to align with current market conditions. SolarEdge Technologies (SEDG) shares gained over 3% in intraday trading Monday after the maker of solar power equipment said it would slash its workforce to c ...

SolarEdge (NASDAQ:SEDG) layoffs are a hot topic among traders on Monday as the solar photovoltaic company reveals plans to cut 16% of its workforce. According to a press release from SolarEdge, these layoffs will affect 900 of the company’s employees. That includes 500 workers from across its various manufacturing sites. SolarEdge notes that these layoffs are part of its efforts to reduce operating expenses while bettering aligning its cost structure to current market demands. This comes after the company e ...

裁员和成本削减 - SolarEdge Technologies Inc. 宣布裁员约900名员工，占总员工数的16%[1] - 公司决定实施裁员和其他成本削减措施，以使成本结构与市场动态保持一致[2] - 公司将在即将发布的财报中提供更多关于重组的细节[4]

SolarEdge Technologies (SEDG) will cut 900 jobs, or 16% of its workforce, the solar power company announced Sunday, as demand continues to plunge. X The Israeli solar power inverter maker will cut 550 jobs in its home count. SolarEdge previously forecast Q4 2023 revenue to come in at $325 million, down 55% vs. Q3 and 64% vs. a year earlier. Analysts currently see Q4 revenue of $371 million, with SolarEdge losing $1 a share, according to the FactSet consensus. SolarEdge lost 55 cents a share in Q3 after maki ...

SolarEdge重组计划 - SolarEdge宣布了一项重组计划，包括裁员措施，旨在降低运营成本并使成本结构与当前市场动态相匹配[1] - 裁员影响了SolarEdge全球员工的约16%，约900名员工，其中约500名来自公司各个制造工厂[1] - SolarEdge首席执行官Zvi Lando表示，裁员和其他削减成本措施是一项非常困难但必要的决定，旨在使成本结构与迅速变化的市场动态相匹配[3] SolarEdge市场调整 - 公司已经采取了与当前市场条件相符的措施，包括停止在墨西哥的制造、减少中国的制造能力以及终止公司的轻型商用车辆电动出行活动[2] SolarEdge公司介绍 - SolarEdge是一家全球领先的智能能源技术公司，通过利用世界一流的工程能力和不懈的创新精神，创造了驱动我们生活并推动未来进步的智能能源解决方案[4]

In the latest trading session, SolarEdge Technologies (SEDG) closed at $69.11, marking a -0.23% move from the previous day. The stock's change was less than the S&P 500's daily gain of 1.23%. Meanwhile, the Dow experienced a rise of 1.06%, and the technology-dominated Nasdaq saw an increase of 1.7%. Shares of the photovoltaic products maker witnessed a loss of 28.65% over the previous month, trailing the performance of the Oils-Energy sector with its loss of 4.69% and the S&P 500's gain of 0.94%. Market par ...

SolarEdge Technologies (SEDG) closed at $78.54 in the latest trading session, marking a -1.31% move from the prior day. This change lagged the S&P 500's daily gain of 1.41%. On the other hand, the Dow registered a gain of 0.58%, and the technology-centric Nasdaq increased by 2.2%. Coming into today, shares of the photovoltaic products maker had gained 1.51% in the past month. In that same time, the Oils-Energy sector gained 3.47%, while the S&P 500 gained 2.9%. Market participants will be closely following ...

KE ZHUANG Is there a more beaten-down growth stock than SolarEdge (SEDG)? 2023 saw tech stocks across the board recover much of their losses suffered in 2022. SEDG appears to be experiencing a delayed reaction, with its stock undergoing the same valuation reset that tech stocks experienced during the crash. There are a lot of similarities this time around, with the higher interest rate environment being the key culprit in collapsing consumer demand. With its growth story clearly broken in the near term, SED ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ☒ ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to __________ Commission File Number: 001-36894 SOLAREDGE TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 20-5338862 (St ...