Page 33 - Solaredge Technologies News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The job cuts, which would affect roughly 900 employees, came after SolarEdge discontinued manufacturing in Mexico, reduced capacity in China, and terminated light commercial vehicle e-mobility activity. Its discontinuation of the light commercial vehicle e-mobility activity will bring charges of $36 million to $41 million, with $33 million to $38 million for inventory write-offs and non-cancelable purchase orders. "We have made a very difficult, but necessary decision to implement a workforce reduction and other cost-cutting measures in order to align our cost structure with the rapidly...

Canaccord Genuity Group initiated coverage on shares of SolarEdge Technologies (NASDAQ:SEDG – Free Report) in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage issued a hold rating and a $80.00 price target on the semiconductor company’s stock. A number of other research analysts also recently issued reports on the stock. Truist […]

Archer Aviation stock is on the move Wednesday as investors in ACHR react to an infrastructure deal with Atlantic Aviation.

US stocks fell on Wednesday as bond yields rose on the back of resilient economic data, with central bankers in both the States and Europe doing their best to temper expectations for imminent cuts to interest rates.

If interest rates fall and the economy performs well, these stocks could have an excellent year.