The Law Offices of Frank R. Cruz announces an investigation of SolarEdge Technologies, Inc. (“SolarEdge” or the “Company”) (NASDAQ: SEDG) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On October 19, 2023, SolarEdge disclosed that the Company “experienced substantial unexpected cancellations and pushouts of existing backlog” from its European distributors during the second part of the third quarter of 2023. The Company attributed the issues to “higher than expected inventory in the channels and slower than expected installation rates.”
On this news, SolarEdge’s stock price fell as much as 36% during intraday trading on October 20, 2023, thereby injuring investors.
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If you purchased SolarEdge securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20231020029960/en/
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
