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SolarEdge Technologies - Government Trades

SolarEdge Technologies

SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers.

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Analysts from Goldman Sachs and Truist updated coverage on SolarEdge Technologies following the company&#39;s announcement of a private offering of $300 million in convertible notes. Here&#39;s a look at the details: 

SolarEdge Stock Falls As Analysts React To $300 Million Private Offering

Solar panels SolarEdge Technologies SEDG

Offerings

After the market close on Monday, SolarEdge said it intends to offer $300 million aggregate principal amount of Convertible Senior Notes due 2029 in a private offering to people reasonably believed to be qualified institutional buyers.

SolarEdge Technologies Stock Is Tumbling Tuesday: What&#39;s Going On?

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SolarEdge Technologies shares are trading lower after-hours Monday after the company announced its intentions for a $300 million private offering. 

Why SolarEdge Stock Is Tanking After-Hours

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SolarEdge Technologies, Inc. - Common Stock

SolarEdge Technologies Inc

WIIM

SolarEdge shares are trading lower after the company earlier in the week said one of its customers filed for bankruptcy.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Stifel cut the price target for General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) from $77 to $70. Stifel analyst Matthew Smith maintained a Buy rating. General Mills shares fell 4.6% to close at $64.17 on Wednesday. <a href="https://www.benzinga.com/quote/GIS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Canaccord Genuity raised the price target for Hut 8 Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>) from $14 to $22. Canaccord Genuity analyst Joseph Vafi maintained a Buy rating. Hut 8 shares gained 4.8% to close at $15.32 on Wednesday. <a href="https://www.benzinga.com/quote/HUT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Oppenheimer boosted Veeco Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VECO#NASDAQ">VECO</a>) price target from $45 to $55. Oppenheimer analyst Rick Schafer maintained an Outperform rating. Veeco Instruments shares fell 1.1% to close at $45.83 on Wednesday. <a href="https://www.benzinga.com/quote/VECO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird boosted the price target for Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) from $340 to $360. Baird analyst Shrenik Kothari maintained an Outperform rating. Palo Alto shares gained 0.8% to close at $325.26 on Wednesday. <a href="https://www.benzinga.com/quote/PANW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keybanc raised Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) price target from $150 to $160. Keybanc analyst John Vinh maintained an Overweight rating. Micron shares gained 0.9% to close at $142.36 on Wednesday. <a href="https://www.benzinga.com/quote/MU/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keefe, Bruyette &amp; Woods raised The Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) price target from $485 to $520. Keefe, Bruyette &amp; Woods analyst David Konrad maintained an Outperform rating. Goldman Sachs shares fell 0.3% to close at $455.86 on Wednesday. <a href="https://www.benzinga.com/quote/GS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JMP Securities raised the price target for Grindr Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRND#NYSE">GRND</a>) from $14 to $17. JMP Securities analyst Nicholas Jones maintained a Market Outperform rating. Grindr shares gained 15.3% to close at $11.82 on Wednesday. <a href="https://www.benzinga.com/quote/GRND/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Goldman Sachs cut SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) price target from $49 to $25. Goldman Sachs analyst Brian Lee maintained a Sell rating. SolarEdge shares fell 5.3% to close at $24.99 on Wednesday. <a href="https://www.benzinga.com/quote/SEDG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities lowered TD SYNNEX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) price target from $135 to $132. B of A Securities analyst Ruplu Bhattacharya maintained a Buy rating. TD SYNNEX shares fell 0.7% to close at $116.12 on Wednesday. <a href="https://www.benzinga.com/quote/SNX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities raised Paychex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) price target from $111 to $113. B of A Securities analyst Jason Kupferberg maintained an Underperform rating. Paychex shares fell 6.1% to close at $117.39 on Wednesday. <a href="https://www.benzinga.com/quote/PAYX/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/24/06/39500574/over-30m-bet-on-this-energy-stock-check-out-these-3-stocks-insiders-are-buying">Over $30M Bet On This Energy Stock? Check Out These 3 Stocks Insiders Are Buying</a>

Goldman Sachs analyst Brian Lee maintains SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) with a Sell and lowers the price target from $49 to $25.

Goldman Sachs Maintains Sell on SolarEdge Technologies, Lowers Price Target to $25

Whales with a lot of money to spend have taken a noticeably bearish stance on SolarEdge Technologies.
Looking at options history for SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) we detected 18 trades.
If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 72% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $779,960 and 13, calls, for a total amount of $709,041.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $25.0 to $80.0 for SolarEdge Technologies over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for SolarEdge Technologies's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of SolarEdge Technologies's whale trades within a strike price range from $25.0 to $80.0 in the last 30 days. 
<h3>SolarEdge Technologies Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1719410533_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$39.0</td>
<td>$38.95</td>
<td>$39.0</td>
<td>$65.00</td>
<td>$444.6K</td>
<td>2.5K</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$39.0</td>
<td>$38.85</td>
<td>$39.0</td>
<td>$65.00</td>
<td>$148.2K</td>
<td>2.5K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$53.6</td>
<td>$53.6</td>
<td>$53.6</td>
<td>$80.00</td>
<td>$85.7K</td>
<td>742</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>SEDG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$6.6</td>
<td>$6.25</td>
<td>$6.6</td>
<td>$35.00</td>
<td>$66.0K</td>
<td>82</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>SEDG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$6.7</td>
<td>$6.4</td>
<td>$6.4</td>
<td>$35.00</td>
<td>$65.2K</td>
<td>82</td>
<td style="text-align: right;">662</td>
</tr>
</tbody>
</table>

<h3>About SolarEdge Technologies</h3>
SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers.
After a thorough review of the options trading surrounding SolarEdge Technologies, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of SolarEdge Technologies</h3>
<ul>
<li>With a trading volume of 2,442,063, the price of SEDG is down by -1.3%, reaching $26.06.</li>
<li>Current RSI values indicate that the stock is may be oversold.</li>
<li>Next earnings report is scheduled for 34 days from now.</li>
</ul>
<h3>What The Experts Say On SolarEdge Technologies</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $53.2.
<ul>
<li>Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on SolarEdge Technologies with a target price of $49. </li>
<li>Consistent in their evaluation, an analyst from Scotiabank keeps a Sector Perform rating on SolarEdge Technologies with a target price of $46. </li>
<li>Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on SolarEdge Technologies with a target price of $41. </li>
<li>Reflecting concerns, an analyst from RBC Capital lowers its rating to Sector Perform with a new price target of $71.</li>
<li>An analyst from JP Morgan has decided to maintain their Overweight rating on SolarEdge Technologies, which currently sits at a price target of $59. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest SolarEdge Technologies options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Looking At SolarEdge Technologies's Recent Unusual Options Activity

Throughout the last three months, 25 analysts have evaluated SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>), offering a diverse set of opinions from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">15</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for SolarEdge Technologies, revealing an average target of $62.92, a high estimate of $124.00, and a low estimate of $25.00. This current average represents a 18.41% decrease from the previous average price target of $77.12. 
<img src="https://www.benzinga.com/files/images/story/2024/1719410415_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The perception of SolarEdge Technologies by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Kashy Harrison</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$25.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Andrew Percoco</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$41.00</td>
<td>$83.00</td>
</tr>
<tr>
<td>Tristan Richardson</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$46.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Austin Moeller</td>
<td>Canaccord Genuity</td>
<td>Lowers</td>
<td>Hold</td>
<td>$38.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Mark Strouse</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$49.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Mark Strouse</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$59.00</td>
<td>$73.00</td>
</tr>
<tr>
<td>Chris Dendrinos</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$71.00</td>
<td>$71.00</td>
</tr>
<tr>
<td>Praneeth Satish</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$62.00</td>
<td>$81.00</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$56.00</td>
<td>$92.00</td>
</tr>
<tr>
<td>Corinne Blanchard</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Hold</td>
<td>$55.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Maheep Mandloi</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Buy</td>
<td>$84.00</td>
<td>$104.00</td>
</tr>
<tr>
<td>Julien Dumoulin-Smith</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$44.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Austin Moeller</td>
<td>Canaccord Genuity</td>
<td>Lowers</td>
<td>Hold</td>
<td>$58.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Vikram Bagri</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$71.00</td>
<td>$83.00</td>
</tr>
<tr>
<td>Chris Dendrinos</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$71.00</td>
<td>$74.00</td>
</tr>
<tr>
<td>Jeffrey Osborne</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$80.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Ameet Thakkar</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$56.00</td>
<td>$73.00</td>
</tr>
<tr>
<td>Philip Shen</td>
<td>Roth MKM</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$55.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Brian Lee</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Sell</td>
<td>$49.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Philip Shen</td>
<td>Roth MKM</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$60.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>Christopher Souther</td>
<td>B. Riley Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$124.00</td>
<td>$133.00</td>
</tr>
<tr>
<td>Maheep Mandloi</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Buy</td>
<td>$104.00</td>
<td>$106.00</td>
</tr>
<tr>
<td>Markus Leistner</td>
<td>DZ Bank</td>
<td>Announces</td>
<td>Hold</td>
<td>$62.00</td>
<td>-</td>
</tr>
<tr>
<td>Christine Cho</td>
<td>Barclays</td>
<td>Raises</td>
<td>Underweight</td>
<td>$61.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$92.00</td>
<td>$97.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to SolarEdge Technologies. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of SolarEdge Technologies compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for SolarEdge Technologies's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of SolarEdge Technologies's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/SEDG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on SolarEdge Technologies analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Unveiling the Story Behind SolarEdge Technologies</h2>
SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers.
<h3>SolarEdge Technologies: Delving into Financials</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Challenges: SolarEdge Technologies's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -78.34%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: SolarEdge Technologies's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -76.96%, the company may face hurdles in effective cost management.
Return on Equity (ROE): SolarEdge Technologies's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -6.76%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): SolarEdge Technologies's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -3.59%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.33.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings For SolarEdge Technologies

Piper Sandler analyst Kashy Harrison maintains SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) with a Neutral and lowers the price target from $53 to $25.

Piper Sandler Maintains Neutral on SolarEdge Technologies, Lowers Price Target to $25

Morgan Stanley analyst Andrew Percoco maintains SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) with a Equal-Weight and lowers the price target from $83 to $41.

Morgan Stanley Maintains Equal-Weight on SolarEdge Technologies, Lowers Price Target to $41

In connection with the Offering, SolarEdge has granted the initial purchasers of the Notes a 13-day option to purchase up to an additional&nbsp;$45 million&nbsp;aggregate principal amount of the Notes on the same terms and conditions. The sale of the Notes to the initial purchasers is expected to settle on June 28, 2024, subject to customary closing conditions.
The Notes will bear interest at a rate of&nbsp;2.25%&nbsp;per year, payable semiannually in arrears on January 1 and July 1 of each year, beginning on January 1, 2025. The Notes will mature on July 1, 2029, unless earlier repurchased, redeemed or converted in accordance with their terms prior to such date.

SolarEdge Technologies Reports Pricing Of $300M Of 2.25% Convertible Senior Notes Due 2029 In Private Offering

The CNN Money Fear and Greed index showed a slight decline in the overall market sentiment, while the index remained in the &#8220;Fear&#8221; zone on Tuesday.
U.S. stocks closed mixed on Tuesday, with the S&amp;P 500 snapping a three-session decline.
On the economic data front, the S&amp;P CoreLogic Case-Shiller 20-city home price index increased 7.2% year-over-year in April compared to a revised 7.5% gain in March.
Shares of Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) gained about 6.8% on Tuesday, after recording losses in the previous session. SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) shares fell around 21% after the company announced a private offering of $300 million convertible notes due 2029.
Most sectors on the S&amp;P 500 closed on a negative note, with real estate, materials, and utilities stocks recording the biggest losses on Tuesday. However, information technology and communication services stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 299 points to 39,112.16 on Tuesday. The S&amp;P 500 rose 0.39% at 5,469.30, while the Nasdaq Composite climbed 1.26% at 17,717.65 during Tuesday's session.
Investors are awaiting earnings results from General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>), Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), and Paychex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 39.1, the index remained in the &#8220;Fear&#8221; zone on Tuesday, versus a prior reading of 39.2.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/06/39476037/top-3-tech-stocks-which-could-rescue-your-portfolio-in-june">Top 3 Tech Stocks Which Could Rescue Your Portfolio In June</a>

S&P 500 Snaps 3-Session Decline On The Back Of Nvidia's Rebound: Fear & Greed Index Remains In Negative Zone

Tech stocks are poised to break a three-day losing streak on Tuesday, driven by a robust rally in chipmakers, with Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) rising over 4% and reclaiming <a href="https://www.benzinga.com/government/24/06/39479690/whats-going-on-with-nvidia-stock-on-tuesday">its $3-trillion valuation.</a>
The VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) rose 1.8% after dropping over 7% in the last three sessions, indicating a resumption in risk sentiment toward artificial intelligence-related stocks.
The tech-heavy Nasdaq 100 advanced nearly 1%, outperforming other major indices. 
Sentiment remains lackluster in non-tech sectors. The S&amp;P 500 edged higher by only 0.1%, while the Dow Jones Industrial Average and the Russell 2000 fell 0.9% and 0.6%, respectively.
Treasury yields saw slight increases following hawkish comments <a href="https://www.benzinga.com/economics/macro-economic-events/24/06/39479480/feds-bowman-shocks-traders-i-remain-willing-to-raise-interest-rates-if-progress-o">from the Fed&#8217;s </a><a href="https://www.benzinga.com/economics/macro-economic-events/24/06/39479480/feds-bowman-shocks-traders-i-remain-willing-to-raise-interest-rates-if-progress-o">Michelle Bowman</a>, who did not rule out further rate hikes if inflation improvements stall. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) dipped 0.2%, while a trade-weighted measure of the U.S. dollar gained 0.2%.
Commodities mostly declined, with gold and crude oil down 0.5% and 1%, respectively. Copper fell 1%, and silver dropped 2.2%.
Cryptocurrencies were the brightest spot in the market, rebounding after several days of losses. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose 2.3%, aiming for its strongest day in three weeks. The more speculative Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) surged nearly 7%, on track for its best performance in over a month.
<h3 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices </td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,653.25</td>
<td>0.9%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,457.48</td>
<td>0.1%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>199.96</td>
<td>-0.6%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>39,050.92</td>
<td>-0.9%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:30 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.1% higher to $543.11.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;was 1% lower to $390.11.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(ARCA:&nbsp;<a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a>QQQ) was 0.8% higher to $477.71.</li>
<li>Sector-wise, the&nbsp;Technology&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)&nbsp;outperformed, up by 1.4%, while the&nbsp;Real Estate Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) lagged, falling 1.7%.</li>
</ul>
<h3 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h3>
<ul>
<li>Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) led gains within the S&amp;P 500, jumping over 8% on better-than-expected earnings and marking its fifth consecutive positive session. This boost lifted peers Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) and Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) by 3.6% and 5.8%, respectively.</li>
<li>Online travel agencies also saw gains, with Expedia Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>), Airbnb Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) and Booking Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NYSE">BKNG</a>) rising 1.8%, 1.6% and 0.6%, respectively.</li>
<li>Crypto-linked stocks rallied in reactions to the Bitcoin rebound. Marathon Digital Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) and Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) rose 3.6% and 4.3% respectively. </li>
<li>Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) soared 5% after Guggenheim raised its price target on the chipmaker from $110 to $169.</li>
<li>TD Synnex Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) tumbled nearly 9% after missing both earnings and revenue estimates last quarter. </li>
<li>SolarEdge Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) plummeted over 20% after some analysts negatively reacted after&nbsp;the company's announcement of a private offering of <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39485177/solaredge-stock-falls-as-analysts-react-to-300-million-private-offering">$300 million&nbsp;in convertible notes.</a></li>
</ul>
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39467825/us-election-and-tariff-prospects-set-to-threaten-internationally-exposed-stocks-gol">US Election And Tariff Prospects Set To Threaten Internationally-Exposed Stocks, Goldman Sachs Warns</a>
Photo via Shutterstock.

Chipmakers, Cruise Lines, Crypto Rally, Nvidia Reclaims $3 Trillion; Blue Chips, Small Caps Dip: What's Driving Markets Tuesday?

Analysts from Goldman Sachs and Truist updated coverage on SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) following the company&#8217;s announcement of a private offering of $300 million <a href="https://www.benzinga.com/news/24/06/39479689/solaredge-technologies-stock-is-tumbling-tuesday-whats-going-on">in convertible notes.</a>
The Details:
Both research firms noted SolarEdge significantly lowered its second-quarter free cash flow guidance in the proposed offering's filing.
SolarEdge now expects negative free cash flow of $150 million for the second quarter, well-below the Street estimate of $216 million in positive free cash flow. SolarEdge cited certain discretionary minority investments, extensions of credit provided to certain customers, higher than expected working capital related to the ramp of U.S. manufacturing and a slower pace of payments on accounts receivable as reasons for negative free cash flow outlook.&nbsp;
Goldman Sachs maintained its Sell rating and price target of $49 on the stock, and Truist maintained SolarEdge with a Hold rating and $60 price target.&nbsp;
Other analysts have updated <a href="https://www.benzinga.com/quote/SEDG/analyst-ratings">price targets</a> on SolarEdge following the proposed offering:&nbsp;
<ul>
<li>JP Morgan analyst Mark Strouse maintained SolarEdge Technologies with an Overweight rating and lowered the price target from $59 to $49.</li>
<li>Scotiabank's Tristan Richardson maintained a Sector Perform rating and lowered the price target from $72 to $46.</li>
<li>Canaccord Genuity maintained its Hold rating on SolarEdge and lowered the price target from $58 to $38.</li>
</ul>
Related News: <a href="https://www.benzinga.com/news/24/06/39466366/rivian-cuts-costs-by-35-whats-going-on-with-rivians-stock">Rivian Cuts Costs By 35%: What&#8217;s Going On With Rivian&#8217;s Stock?</a>
SEDG Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, SolarEdge Technologies shares are down 20.4% at $26.48 at the time of publication Tuesday.
Image: Shutterstock

Scotiabank analyst Tristan Richardson maintains SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) with a Sector Perform and lowers the price target from $72 to $46.

Scotiabank Maintains Sector Perform on SolarEdge Technologies, Lowers Price Target to $46

Canaccord Genuity analyst Austin Moeller maintains SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) with a Hold and lowers the price target from $58 to $38.

Canaccord Genuity Maintains Hold on SolarEdge Technologies, Lowers Price Target to $38

JP Morgan analyst Mark Strouse maintains SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) with a Overweight and lowers the price target from $59 to $49.

JP Morgan Maintains Overweight on SolarEdge Technologies, Lowers Price Target to $49

SolarEdge Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) shares are trading lower Tuesday after the company announced a private offering of&nbsp;$300 million&nbsp;<a href="https://www.benzinga.com/news/24/06/39466956/why-solaredge-stock-is-tanking-after-hours">convertible senior notes due 2029</a>.
What Happened: After the market close on Monday, SolarEdge said it intends to offer $300 million&nbsp;aggregate principal amount of Convertible Senior Notes due 2029 in a private offering to people reasonably believed to be qualified institutional buyers.
The initial purchasers are expected to be granted a 13-day option to purchase up to an additional&nbsp;$45 million&nbsp;aggregate principal amount of the notes on the same terms and conditions.
The final terms of the Notes, including the initial conversion price, interest rate and certain other terms, will be determined at the time of pricing of the offering. 
In connection with the pricing of the notes, SolarEdge expects to enter into capped call transactions with one or more of the initial purchasers. SolarEdge noted that it intends to use net proceeds from the offering to pay the cost of its capped call transactions. 
See Also: <a href="https://www.benzinga.com/news/24/06/39472961/pool-lowers-fy24-eps-forecast-joins-solaredge-technologies-spirit-aerosystems-and-other-big-stocks-m">Pool Lowers FY24 EPS Forecast, Joins SolarEdge Technologies, Spirit AeroSystems And Other Big Stocks Moving Lower In Tuesday&#8217;s Pre-Market Session</a>
<h2 class="wp-block-heading">How To Buy SEDG Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in SolarEdge Technologies' case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
SEDG Price Action: <a href="https://www.benzinga.com/quote/SEDG">SolarEdge shares</a> were down 17.3% at $27.50 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Andreas from Pixabay.

SolarEdge Technologies Stock Is Tumbling Tuesday: What's Going On?

RGS: 164% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/39476196">Regis shares are trading higher after the company announced that it entered into a new senior secured credit facility with TCW Asset Management to refinance its existing debt.</a>
ENVX: 24% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/39476180">Enovix shares are trading higher after the company signed a deal to supply silicon batteries for mixed reality headsets.</a>
SEDG: -19% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/39474906">SolarEdge Technologies shares are trading lower after the company announced a private offering of $300 million convertible notes due 2029.</a>

ENVX

Market-Moving News for June 25th

SolarEdge Technologies shares are trading lower after the company announced a private offering of $300 million convertible notes due 2029.

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 80 points on Tuesday.
Shares of Pool Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POOL#NASDAQ">POOL</a>) fell sharply in today's pre-market trading after the <a href="https://www.benzinga.com/quote/POOL/earnings">company cut its FY24 EPS guidance.</a>
The company announced its year-to-date sales are trending down and seasonally significant Q2 2024 revenues are below previous expectations.
Pool shares dipped 8.6% to $308.90 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) shares tumbled 15% to $28.25 in pre-market trading after the company reported a private offering of $300 million convertible notes due 2029.</li>
<li>Spirit AeroSystems Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPR#NYSE">SPR</a>) fell 5.4% to $31.30 in pre-market trading. Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) proposed to acquire Spirit AeroSystems in a deal largely financed by stock, valuing the supplier at approximately $35 per share.</li>
<li>Birkenstock Holding plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIRK#NYSE">BIRK</a>) shares fell 4.3% to $57.22 in pre-market trading after the company announced the launch of a secondary public offering of up to 14 million ordinary shares.</li>
<li>Bilibili Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>) shares declined 4.3% to $17.03 in pre-market trading.</li>
<li>Allegro MicroSystems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGM#NASDAQ">ALGM</a>) shares slipped 3.5% to $26.29 in pre-market trading.</li>
<li>Sea Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SE#NYSE">SE</a>) shares fell 3.2% to $73.46 in pre-market trading. JP Morgan analyst Ranjan Sharma downgraded Sea from Overweight to Neutral and lowered the price target from $84 to $78.</li>
<li>NuScale Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) fell 3.1% to $9.71 in pre-market trading.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/06/39471464/nasdaq-records-worst-session-since-april-with-nvidia-plunging-7-dow-jones-sees-modest-gains-amid-mi">Nasdaq Records Worst Session Since April With Nvidia Plunging 7%: Dow Jones Sees Modest Gains Amid Mixed Market Close</a>
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>

Pool Lowers FY24 EPS Forecast, Joins SolarEdge Technologies, Spirit AeroSystems And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

With U.S. stock futures trading higher this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Carnival Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) to report a quarterly loss at $0.2 per share on revenue of $5.68 billion after the closing bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Carnival shares gained 0.4% to $14.73 in after-hours trading.</li>
<li>Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) proposed to acquire Spirit AeroSystems Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPR#NYSE">SPR</a>) in a deal largely financed by stock, valuing the supplier at approximately $35 per share. Boeing shares gained 1.4% to $179.10 in after-hours trading, while Spirit AeroSystems shares fell 1.3% to $32.65 in the after-hours trading session.</li>
<li>Analysts are expecting TD SYNNEX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) to post quarterly earnings at $2.82 per share on revenue of $14.08 billion. The company will release earnings before the markets open. TD SYNNEX shares gained 1.7% to $131.58 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a> 
<ul>
<li>SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) reported a private offering of $300 million convertible notes due 2029. SolarEdge Technologies shares dipped 13.7% to $28.71 in the after-hours trading session.</li>
<li>Analysts expect FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) to post quarterly earnings at $5.37 per share on revenue of $22.06 billion after the closing bell. FedEx shares gained 0.1% to $256.60 in after-hours trading.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/06/39454516/more-than-24m-bet-on-pbf-energy-check-out-these-3-stocks-insiders-are-buying">More than $24M Bet On PBF Energy? Check Out These 3 Stocks Insiders Are Buying</a>

While the Company is closely monitoring the proceedings, it cannot guarantee the outcome of the proceedings and may fail to collect the amounts due to the Company or collect such amounts only after significant delay.
&nbsp;
<table cellpadding="0" cellspacing="0">
<tbody>
<tr>
<td>Item 8.01.</td>
<td>Other Events.</td>
</tr>
</tbody>
</table>

SolarEdge Says PM&M Electric, A Customer That Owes Company Approximately $11.4M Under Secured Promissory Note, Recently Filed For Chapter 7 Bankruptcy - Filing

Biggest stock movers today: ENVX, DJT, SNX, POOL and more

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
SolarEdge (NASDAQ:<a href="https://investorplace.com/stock-quotes/sedg-stock-quote/">SEDG</a>) stock is taking a beating on Tuesday after the company announced that one of its <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318410913&amp;type=PDF&amp;symbol=SEDG&amp;cdn=b39b146622bb7f9d909891f81d3f4db2&amp;companyName=SolarEdge+Technologies+Inc.&amp;formType=8-K&amp;formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&amp;dateFiled=2024-06-24">customers has filed for bankruptcy</a>.



According to a filing with the Securities and Exchange Commission (SEC), SolarEdge customer PM&amp;M Electric, Inc. has filed for Chapter 7 bankruptcy. It owes SolarEdge $11.4 million via a secured promissory note.



This has investors in SEDG stock worried about whether the company will ever see that payment. SolarEdge says it will be closely watching the bankruptcy filing but says there&rsquo;s no guarantee it will get the money back from PM&amp;M Electric.



In addition to that, SolarEdge announced a private placement of $300 million with institutional investors. This will be in the form of convertible senior notes due 2029.



<h2>What&rsquo;s Next for SEDG Stock?</h2>



SolarEdge also reaffirmed its guidance for the second quarter of 2024 today. This has it expecting revenue to range from $250 million to $280 million. Wall Street&rsquo;s estimate for the period is $265.8 million in revenue.



SEDG stock is down 17.1% as of Tuesday morning. This comes alongside more than 7 million shares changing hands. For comparison, the company&rsquo;s daily average trading volume is about 2.3 million shares.



Investors will want to keep reading for more of the most recent stock market stories!



We have all of the hottest news that traders need to know about on Tuesday! Among that is what&rsquo;s happening with shares of Grail&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/gral-stock-quote/">GRAL</a>), La Rosa&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/lrhc-stock-quote/">LRHC</a>) and Faraday Future&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/ffie-stock-quote/">FFIE</a>) stock. ALl of this info is ready at the following links!



<h2>More Stock Market News for Tuesday</h2>



<ul><li><a href="https://investorplace.com/2024/06/gral-stock-alert-7-things-to-know-as-grail-starts-trading-today/">GRAL Stock Alert: 7 Things to Know as Grail Starts Trading Today</a></li>



<li><a href="https://investorplace.com/2024/06/why-is-la-rosa-lrhc-stock-up-49-today/">Why Is La Rosa (LRHC) Stock Up 49% Today?</a></li>



<li><a href="https://investorplace.com/2024/06/ffie-stock-alert-faraday-future-wants-to-reverse-split-its-stock/">FFIE Stock Alert: Faraday Future Wants to Reverse Split Its Stock</a></li>
</ul>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/06/why-is-solaredge-sedg-stock-down-17-today-2/">Why Is SolarEdge (SEDG) Stock Down 17% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Why Is SolarEdge (SEDG) Stock Down 17% Today?

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The Tesla (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>) Cybertruck recalls continue with the electric vehicle (EV) company seeking to repair issues with thousands of the trucks.



There are actually <a href="https://apnews.com/article/tesla-cybertruck-recall-fourth-time-f3709f24063695bc231763fb07d7d700">two Tesla Cybertruck recalls</a> today with both of them requiring customers to bring their EVs in for service. The first has to do with the wiper motors failing.



This is an issue that can be dangerous to customers as it reduces visibility while driving in inclement weather. Tesla will replace the failed wiper motors, which have problems due to getting too much power from the truck.



<h2>Tesla Recalls: Trim Issues</h2>



The second of the Cybertruck recalls announced by Tesla today has to do with the trim on the vehicle. In this case, a piece of trim on the Cybertruck can come loose and separate from the EV. This makes it a danger to others on the road.



Customers will have to bring their Cybertruck in for service to have this issue taken care of. Tesla notes the piece is held on with adhesive and it may not have been secured properly during the production process, the Associated Press notes.



These are building on the Cybertruck problems that Tesla is having to deal with. The EV only came out in November 2023 but has already been subjected to four recalls.



TSLA stock is up 2.7% Tuesday morning despite the Cybertruck recalls.



Investors will want to stick around for more of the most recent stock market stories!



We have all of the hottest stock market news investors need to know about on Tuesday! A few examples include what&rsquo;s going on with shares of SolarEdge&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/sedg-stock-quote/">SEDG</a>), Grail&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/gral-stock-quote/">GRAL</a>) and&nbsp;La Rosa&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/lrhc-stock-quote/">LRHC</a>) stock today. All of this news is ready at the links below!



<h2>More Tuesday Stock Market News</h2>



<ul><li><a href="https://investorplace.com/2024/06/why-is-solaredge-sedg-stock-down-17-today-2/">Why Is SolarEdge (SEDG) Stock Down 17% Today?</a></li>



<li><a href="https://investorplace.com/2024/06/gral-stock-alert-7-things-to-know-as-grail-starts-trading-today/">GRAL Stock Alert: 7 Things to Know as Grail Starts Trading Today</a></li>



<li><a href="https://investorplace.com/2024/06/why-is-la-rosa-lrhc-stock-up-49-today/">Why Is La Rosa (LRHC) Stock Up 49% Today?</a></li>
</ul>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/06/tesla-cybertruck-recalls-what-to-know-as-tesla-recalls-thousands-of-evs/">Tesla Cybertruck Recalls: What to Know as Tesla Recalls Thousands of EVs</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Tesla Cybertruck Recalls: What to Know as Tesla Recalls Thousands of EVs

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>) stock fans will want to mark their calendars for July 16 as that is when the e-commerce giant&rsquo;s annual <a href="https://www.aboutamazon.com/news/retail/amazon-prime-day-2024-date">Amazon Prime Day event will kick off</a>.



Amazon Prime Day will start on July 16 and will last through July 17. During that time, the company will offer loads of deals on products available through its e-commerce platform.



Customers will have to be Amazon Prime subscribers to take part in the Prime Day sales event. They can also request special access to limited deals that may sell out soon.



On top of that, Amazon will be introducing new sales all throughout the event. That means customers will see deals be introduced as quickly as every five minutes. With that comes heavy discounts on name-brand products.



<h2>What This Means for AMZN Stock</h2>



Amazon Prime Day is a big deal for investors in AMZN shares. It acts as a mini holiday for the company and drives sales with its deep discounts. This helps boost the company&rsquo;s revenue in a season where shopping holidays are sparse.



AMZN stock is up 1.5% as of Tuesday morning with more than 12.8 million shares traded. Its daily average trading volume is about 39.7 million units.



Investors will want to keep reading for all of the hottest stock market news today!



We have all of the biggest stock market stories traders need to read about on Tuesday! That includes everything going on with shares of Tesla&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>), SolarEdge&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/sedg-stock-quote/">SEDG</a>)&nbsp;and Grail&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/gral-stock-quote/">GRAL</a>) stock today. All of this news is ready at the following links!



<h2>More Stock Market News for Tuesday</h2>



<ul><li><a href="https://investorplace.com/2024/06/tesla-cybertruck-recalls-what-to-know-as-tesla-recalls-thousands-of-evs/">Tesla Cybertruck Recalls: What to Know as Tesla Recalls Thousands of EVs</a></li>



<li><a href="https://investorplace.com/2024/06/why-is-solaredge-sedg-stock-down-17-today-2/">Why Is SolarEdge (SEDG) Stock Down 17% Today?</a></li>



<li><a href="https://investorplace.com/2024/06/gral-stock-alert-7-things-to-know-as-grail-starts-trading-today/">GRAL Stock Alert: 7 Things to Know as Grail Starts Trading Today</a></li>
</ul>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/06/dear-amzn-stock-fans-mark-your-calendars-for-july-16/">Dear AMZN Stock Fans, Mark Your Calendars for July 16</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Dear AMZN Stock Fans, Mark Your Calendars for July 16

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) stock is heading higher on Tuesday after Bank of America added the company&rsquo;s shares to its <a href="https://www.cnbc.com/2024/06/25/tuesdays-top-wall-street-analyst-calls-like-nvidia.html">Best of Breed list</a>.



This has the firm highlighting NVDA as one of the best shares on the market. This makes sense as analysts have been praising Nvidia alongside major interest in its artificial intelligence (<a href="https://investorplace.com/stock-quotes/ai-stock-quote/">AI</a>) chips and business.



To go along with that, Bank of America reiterated its &ldquo;buy&rdquo; rating for NVDA shares. The firm also has a $150 price target set for NVDA stock. For the record, <a href="https://www.marketbeat.com/stocks/NASDAQ/NVDA/forecast/">the analysts&rsquo; consensus</a> for Nvidia is moderate buy and $122.13 per share.



<h2>NVDA Stock Commentary</h2>



Here&rsquo;s what Bank of America has to say about Nvidia as it adds the company&rsquo;s shares to its Best of Breed list today, as reported by CNBC.




&ldquo;BoB [best-of-breed] stocks have strong management, balance sheets, EPS growth, cash flow; the highest quality companies generate the best relative returns long term and protect against volatility short term.&rdquo;




NVDA stock also got an increased price target today from Jefferies analysts. You can <a href="https://investorplace.com/2024/06/jefferies-just-raised-its-price-target-on-nvidia-nvda-stock/">check out that news here</a>.



NVDA stock is up 5.5% as of Tuesday afternoon with some 239 million shares traded. That&rsquo;s still below its daily average trading volume of about 440 million shares.



Investors will want to stick around for all of the latest stock market stories!



We have all of the hottest stock market news ready to go on Tuesday! Among that is what has shares of Amazon&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>), Tesla&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>) and SolarEdge&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/sedg-stock-quote/">SEDG</a>) stock in the news today. All of that info is ready at the following links!



<h2>More Tuesday Stock Market News</h2>



<ul><li><a href="https://investorplace.com/2024/06/dear-amzn-stock-fans-mark-your-calendars-for-july-16/">Dear AMZN Stock Fans, Mark Your Calendars for July 16</a></li>



<li><a href="https://investorplace.com/2024/06/tesla-cybertruck-recalls-what-to-know-as-tesla-recalls-thousands-of-evs/">Tesla Cybertruck Recalls: What to Know as Tesla Recalls Thousands of EVs</a></li>



<li><a href="https://investorplace.com/2024/06/why-is-solaredge-sedg-stock-down-17-today-2/">Why Is SolarEdge (SEDG) Stock Down 17% Today?</a></li>
</ul>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/06/bank-of-america-doubles-down-on-nvidia-nvda-stock-as-best-of-breed/">Bank of America Doubles Down on Nvidia (NVDA) Stock as &#8216;Best of Breed&#8217;</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Bank of America Doubles Down on Nvidia (NVDA) Stock as 'Best of Breed'

SolarEdge sinks to seven-year low after customer files for bankruptcy

KeyBanc analyst Sophie Karp maintained a Hold rating on SolarEdge Technologies (SEDG – Research Report) today. The company's shares closed yesterda...

KeyBanc Keeps Their Hold Rating on SolarEdge Technologies (SEDG)

SolarEdge prices $300M convertible debt offering

Morgan Stanley analyst Andrew Percoco has maintained their neutral stance on SEDG stock, giving a Hold rating today. Andrew Percoco's rating is bas...

SolarEdge Technologies: Balancing Resilience and Risk Amidst Cash Flow Concerns

SolarEdge Technologies: Ugly Story Gets Worse

AMZN

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Press Releases

SolarEdge Announces First Quarter 2024 Financial Results

SolarEdge's Annual Sustainability Report Highlights 40M Metric Tons of CO2e Avoided Annually Through Usage of its Solar Solutions

SolarEdge Announces Availability of SolarEdge ONE Optimization Solution for Homeowners with a Dynamic Rate Plan in Germany

SolarEdge Announces Appointment of New SVP Finance and CFO Transition Plan

SolarEdge Announces Plans for Global Rollout of its First-of-a-Kind Energy Optimization Software Platform for Commercial and Industrial Applications

SolarEdge Unveils Next Generation Residential Solar+Storage Portfolio at Intersolar 2024

Intersolar 2024: SolarEdge Launches New Powerful Solution for Small-Medium Utility Scale and Dual-Use Solar Segment in Germany

SolarEdge Technologies, Inc. Announces Proposed Private Offering of $300 million of Convertible Senior Notes

SolarEdge Technologies, Inc. Announces Pricing of Private Offering of $300 Million of 2.25% Convertible Senior Notes due 2029

SolarEdge Announces Appointment of New Chief Marketing Officer

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DAQO New Energy Corp. American Depositary Shares, each representing five ordinary shares


Lois FrankelHouse (D-FL)	$1K - $15K	Sale	Aug 26, 2023	Aug 04, 2023	House
Lois FrankelHouse (D-FL)	$1K - $15K	Sale (Partial)	Oct 24, 2022	Sep 19, 2022	House
Lois FrankelHouse (D-FL)	$1K - $15K	Sale (Partial)	Apr 06, 2022	Mar 08, 2022	House
Lois FrankelHouse (D-FL)	$1K - $15K	Sale (Partial)	Feb 16, 2022	Jan 10, 2022	House

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