r/solar • u/11thestate • 16h ago
Discussion Did You Own SolarEdge ($SEDG) During Its 40%+ Stock Drop? Investor Settlement Update
Hey guys, if you missed it, SolarEdge ($SEDG) agreed to a $55M settlement with investors over claims that it misled the market about weakening demand in Europe and rising inventory. Late claims are still being considered, even though the deadline has passed.
Quick recap: In 2023, SolarEdge continued saying European demand was strong while inventory was building. In August, 2023, the company disclosed excess inventory and slower growth, sending $SEDG down 18.3%. In October, it disclosed unexpected cancellations, and the stock fell another 27.2%.
If you invested in $SEDG in 2023, you can still check the details and submit a late claim here.
Did anyone here hold $SEDG during that period?