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HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts SolarEdge Technologies (SEDG) to Filing of Securities Fraud Class Action, Encourages Investors with Losses to Contact its Attorneys

SAN FRANCISCO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges SolarEdge Technologies, Inc. (NASDAQ:SEDG) investors who suffered substantial losses to submit your losses now.  

Class Period: May 3, 2023 – Oct. 19, 2023
Lead Plaintiff Deadline: Jan. 2, 2024
Visit: www.hbsslaw.com/investor-fraud/sedg
Contact An Attorney Now: SEDG@hbsslaw.com
844-916-0895

SolarEdge Technologies, Inc. (NASDAQ:SEDG) Securities Fraud Class Action:

The complaint alleges that Defendants misrepresented and concealed that:

(1) SolarEdge's distribution channels in Europe had higher than optimal inventory levels;

(2) that, as a result, the Company was experiencing substantial cancellations and pushouts of existing backlog from its European distributors;

(3) that, as a result, the Company's backlog and guidance was overstated; and

(4) that, as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

The truth began to emerge on Aug. 1, 2023, when ...

Full story available on Benzinga.com


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