SolarEdge ($SEDG) faces delays in receiving $11.4 million payment from bankrupt PM&M Electric. The company plans a $300 million convertible senior notes offering to fund general purposes and redeem debts. $SEDG stock plunges 15%-21% due to bankruptcy news.
SolarEdge Stock Tumbles After Customer Files for Bankruptcy. It Has More Bad News. https://t.co/NKXphdsgHS
$SEDG Solaredge notes a customer has declared bankruptcy. Stock down another 17% pre-mkt. https://t.co/NubK3wMoXa
Good grief, $SEDG down another 21% in the 3 trading days since I posted this. They announced one of their customers has declared bankruptcy & $SEDG is selling stock to survive. Someone posted short-$SEDG on VIC on Saturday, and the comments barfed on it. You never know. https://t.co/oo8IbkZKSB https://t.co/AUFFpW60Et
$SEDG -15% after announcing a convertible last night.
SolarEdge $SEDG announced it may face delays in receiving payment for $11.4 million owed by PM&M Electric, which filed for Chapter 7 bankruptcy. The company also plans a $300 million convertible senior notes offering, due 2029, to fund general corporate purposes and redeem a…
$SEDG 300m convertible offering