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

Grand News Network | November 6, 2023

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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