Kaskela Law LLC is investigating SolarEdge Technologies, Inc. (NASDAQ: SEDG) (“SolarEdge” or the “Company”) on behalf of the company’s long-term shareholders.

Recently a securities fraud complaint was filed against SolarEdge on behalf of certain investors who purchased shares of the company’s stock between February 13, 2023 and October 19, 2023.  According to the complaint, during that time period SolarEdge and certain of the Company’s senior executive officers made a series of materially false and/or misleading statements to investors regarding the company’s true operations and financial condition.

The complaint further details how, through a series of partial disclosures made in the second half of fiscal 2023, the truth underlying Defendants’ prior misrepresentations “fully emerged, and the material undisclosed risk that the Company’s revenues would precipitously decline when customers were forced to cancel, push out, or reduce their orders of SolarEdge’s products because of channel inventory levels as a result the Company’s practice of forcing customers to take delivery of products so that the Company could reach its revenue targets, fully materialized.”  In response to Defendants’ disclosures, shares of SolarEdge’s stock declined from a trading price of over $250.00 per share in July 2023 to a trading price of below $100.00 per share by October 2023.

The investigation seeks to determine whether the members of SolarEdge’s board of directors violated the securities laws and/or breached their fiduciary duties in connection with the above alleged misconduct.

SolarEdge shareholders who purchased or acquired their SEDG shares prior to July 1, 2023 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by completing the form on this page, to receive additional information about this investigation and their legal rights and options.

CONTACT:

KASKELA LAW LLC
D. Seamus Kaskela, Esq.
([email protected])
Adrienne Bell, Esq.
([email protected])
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 229 – 0750