Solaredge to shut energy storage unit and cut 12% jobs
Solaredge Technologies said on Wednesday it would shut its energy storage unit and cut workforce by about 12%, sending the shares of the solar inverter maker up 2.7% before the bell.
SolarEdge gains on plans to close energy storage unit, cut jobs
SolarEdge Technologies shares rose 2% in premarket trading Wednesday after the company announced it will close its Energy Storage division as part of a strategy to focus on its core solar operations.
SolarEdge closes energy storage division
Power electronics giant SolarEdge announced today it will shut down its energy storage division. This will result in the loss of 500 jobs, mostly in South
SolarEdge Stock Climbs On Energy Storage Unit Exit, Job Cuts But Citi Thinks It May Be Short-Lived: Retail Remains Bullish
Shares of SolarEdge Technologies Inc. ($SEDG) rose 16% in mid-day trading on Wednesday after announcing that it will be shutting down its energy storage unit resulting in a workforce reduction of 12%.
SolarEdge to shut energy storage division, cutting 500 jobs
SolarEdge Technologies will close Energy Storage division, resulting in workforce reduction of ~500 employees, mostly in South Korea.
SolarEdge Announces Closure of Energy Storage Division
SolarEdge Technologies, Inc. ("SolarEdge" or the "Company") (NASDAQ: SEDG), a global leader in smart energy technology, announced today that as part of its focus on its core solar activities, it will cease all activities of its Energy Storage division.
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COP29: can the world reach 1.5TW of energy storage by 2030?
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Calling all energy storage innovators! A share of $300k might have your name on it
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Leader New Energy advances 140 MW E-dReg ventures
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Paid for by: American Clean Power Association - Energy Storage: Provides Reliability and Lowers Costs
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Eguana Technologies Partners with BC Hydro for Energy Storage
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