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Benzinga

Business

Henry Khederian

Here's Why SolarEdge Technologies Shares Are Moving

SolarEdge SolarEdge Technologies SolarEdge Technologies Inc

SolarEdge Technologies Inc (NASDAQ:SEDG) shares are trading lower by 4.1% at $301.84 after the company priced its common stock offering of 2 million shares at $295 per share.

SolarEdge intends to use the net proceeds from the offering for general corporate purposes, which may include acquisitions. SolarEdge however added the company does not have agreements or commitments for any acquisitions at this time.

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