SolarEdge Technologies, Inc. (NASDAQ: SEDG)

This lawsuit is for anyone who acquired securities in SolarEdge Technologies, Inc. (NASDAQ: SEDG) from February 22, 2022 through October 19, 2023.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by stuffing the Company’s channels of distribution for the purpose of overstating revenue.

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, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in SolarEdge Technologies, Inc. (NASDAQ: SEDG) from February 22, 2022 through October 19, 2023 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.