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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SolarEdge Technologies designs, develops and sells direct current optimized inverter systems for solar photovoltaic installations.
SolarEdge Technologies has a 52-week high of $389.71 and a 52-week low of $199.33.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.