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- Yahoo Finance Video
SolarEdge stock down on negative free cash flow, PM&M setback
Shares of SolarEdge Technologies (SEDG) are falling after one of its customers, PM&M Electric, filed for bankruptcy. The company has announced that it expects negative free cash flow of $150 million. SolarEdge is also planning a $300 million convertible note offering, which will dilute value for existing shareholders. Yahoo Finance Anchors Josh Lipton and Julie Hyman break down the latest developments for SolarEdge and what they could mean for the company moving forward For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
- Business Wire
SolarEdge Technologies, Inc. Announces Pricing of Private Offering of $300 Million of 2.25% Convertible Senior Notes due 2029
MILPITAS, Calif., June 26, 2024--SolarEdge Technologies, Inc. (Nasdaq: SEDG) ("SolarEdge") today announced the pricing of $300 million aggregate principal amount of 2.25% Convertible Senior Notes due 2029 (the "Notes") in a private offering (the "Offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). In connection with the Offering, SolarEdge has granted the initial purchasers of th
Barrons.comThese Stocks Moved the Most Today: Nvidia, Airbus, Boeing, SolarEdge, Carnival, Rivian, Pool, and More
Nvidia stock rebounds following a three-day slide in shares of the chip maker, plane maker Airbus cuts guidance, and SolarEdge drops sharply after one of its customers files for bankruptcy.
