SEDG240920C00035000
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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
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.
Barrons.comSolarEdge’s Stock Tumbles After Customer Files for Bankruptcy. What Its Meltdown Means for Solar.
Shares of the solar panel company are on course for their worst month ever after PM&M Electric, which owes the solar panel company $11.4 million, filed for bankruptcy.
