SolarEdge Technologies Stock Plunges on Customer Bankruptcy
SolarEdge(SEDG) Investopedia·2024-06-25 23:01
Key Takeaways SolarEdge Technologies said one of its customers has filed for bankruptcy and likely won't be able to pay the 150 million in free cash in the current quarter. SolarEdge also announced it is selling $300 million in convertible notes. SolarEdge Technologies (SEDG) shares cratered Tuesday, a day after the solar power equipment maker announced that one of its customers has filed for Chapter 7 bankruptcy and likel ...