SolarEdge Stock Dims on C-Suite Shakeup
SEDGSolarEdge(SEDG) Schaeffers Investment Research·2024-08-26 22:26

SolarEdge Technologies Inc (NASDAQ:SEDG) is reversing a 6% premarket lead,  last seen down 5.8% at 27.17followingnewsthatCEOZviLandoissteppingdownfromhisposition.LandowillbereplacedintheinterimbyRonenFaier−−previouslythesolarfirm′sCFO−−effectiveimmediately.  SolarEdgestockisreboundingformanAug.8dipto27.17 following news that CEO Zvi Lando is stepping down from his position. Lando will be replaced in the interim by Ronen Faier -- previously the solar firm's CFO -- effective immediately.  SolarEdge stock is rebounding form an Aug. 8 dip to 19.81, or its lowest level since the summer of 2016. Adding 14.9% on Friday, SEDG is on track to keep its head above recent support at its 30-day moving average, which ...