SolarEdge Technologies Faces Class Action Lawsuit for Allegedly Misleading Investors

The lawsuit claims the company failed to disclose issues with its European distribution channels, leading to substantial cancellations and an overstated backlog.

• SolarEdge Technologies, Inc. is facing a class action lawsuit for allegedly misleading investors about its business prospects.
• The company is accused of not disclosing that its distribution channels in Europe had higher than optimal inventory levels.
• As a result, SolarEdge reportedly experienced substantial cancellations and pushouts of existing backlog from its European distributors.
• The lawsuit alleges that SolarEdge's backlog and guidance was overstated.
• Investors who purchased SolarEdge securities between February 22, 2022 and October 19, 2023 may be entitled to compensation.

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