Reported about 1 year ago
Shares of SolarEdge Technologies are declining as one of its customers, PM&M Electric, filed for bankruptcy, leading SolarEdge to expect negative free cash flow of $150 million in the current quarter. Additionally, the company plans a $300 million convertible note offering, which will dilute existing shareholders' value. Analysts predict challenges ahead despite inventory overhang and advise holding off on investment.
Source: YAHOO