ATLANTA, Nov. 06, 2023 (GLOBE NEWSWIRE) — Holzer & Holzer, LLC informs investors that a shareholder class action lawsuit has been filed against SolarEdge Technologies, Inc. (“SolarEdge” or the “Company”) (NASDAQ: SEDG). The lawsuit alleges SolarEdge made false or misleading statements and/or omitted material adverse information regarding the Company’s business, operations, and prospects, including: (1) the Company’s distribution channels in Europe had higher than optimal inventory levels; (2) that, as a result, the Company was experiencing substantial cancellations and pushouts of existing backlog from its European distributors; and (3) that, as a result, the Company’s backlog and guidance was overstated.
If you bought SolarEdge shares between May 3, 2023, and October 19, 2023, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at www.holzerlaw.com/case/solaredge/ to learn more.
The deadline to ask the court to be appointed lead plaintiff in the case is January 2, 2024.
Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021 and 2022, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.
CONTACT:
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com
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