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 exi ...

SolarEdge Technologies Inc. on Sunday said it will lay off about 16% of its workforce, about 900 employees, as part of a restructuring to slash operating costs. “We have made a very difficult, but necessary decision to implement a workforce reduction and other cost-cutting measures in order to align our cost structure with the rapidly changing market dynamics,” Chief Executive Zvi Lando said in a statement. SolarEdge said about 500 of the layoffs will occur at its manufacturing sites. The Israel-based so ...

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 making ...

MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, announced today a restructuring plan that includes workforce reduction designed to reduce operating expenses and align its cost structure to current market dynamics. The workforce reduction impacts approximately 16% of the SolarEdge global workforce, or approximately 900 employees, of which approximately 500 are from the Company’s various manufacturing sites. The reduct ...

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 parti ...

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 th ...

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 ...

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 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ☐ 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 ...

2 Forward-looking statements are only predictions based on our current expectations and are inherently subject to risks and uncertainties. They should not be considered guarantees of future results, which could differ materially from the results set forth in, contemplated by, or underlying this presentation. Forward-looking and other statements regarding our sustainability efforts and aspirations are not an indication that these statements are necessarily material to investors or requiring disclosure in our ...

Start Time: 16:30 January 1, 0000 5:59 PM ET SolarEdge Technologies, Inc. (NASDAQ:SEDG) Q3 2023 Earnings Conference Call November 01, 2023, 16:30 PM ET Company Participants Zvi Lando - CEO Ronen Faier - CFO J.B. Lowe - Head of IR Conference Call Participants Philip Shen - ROTH MKM Corinne Blanchard - Deutsche Bank Brian Lee - Goldman Sachs Colin Rusch - Oppenheimer Mark Strouse - JPMorgan Julien Dumoulin-Smith - Bank of America Jeff Osborne - TD Cowen Jonathan Kees - Daiwa Capital Markets Andrew Percoco - M ...