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StreetInsider.com Top Tickers, 8/21/2026
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- Wall Street sinks as bond yields rise, Walmart results disappoint
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GLJ Research on SolarEdge Technologies (SEDG): 'forward guidance that will likely disappoint'
June 25, 2024 3:03 PM EDTGLJ Research analyst Gordon Johnson reiterated a Buy rating and {REMOVEPT} price target on SolarEdge Technologies (NASDAQ: SEDG).
The analyst comments "SolarEdge Announces it is Raising $300mn via Senior Convertible Notes due 2029 and Provides (disappointing) 2Q24E Free-Cash-Flow Guidance. So, yesterday, after the close, via an 8-K filing, SEDG made three key announcements, including: (1) it is raising $300mn,... More
SolarEdge (SEDG) sinks on convertible notes offering and guidance; analysts weigh in
June 25, 2024 8:41 AM EDTShares of SolarEdge Technologies (NASDAQ: SEDG) plunged more than 18% premarket Tuesday after the company announced its intention to offer $300 million aggregate principal amount of Convertible Senior Notes due 2029 in a private offering.
In connection with the Offering, SolarEdge said it expects to grant the initial purchasers of the Notes a 13-day option to purchase up to an additional $45 million aggregate principal amount of the Notes on the same... More
Citi on SolarEdge Technologies (SEDG): 'We expect a negative reaction to the announcements'
June 25, 2024 6:51 AM EDTCiti analyst Vikram Bagri reiterated a Neutral rating and $71.00 price target on SolarEdge Technologies (NASDAQ: SEDG).
The analyst comments "In a busy afternoon, SEDG: (1) announced plans for a private offering of $300mm worth of Convertible Senior Notes due 2029 which will partially be used to redeem... More
