Zinger Key Points
- SolarEdge Technologies shares are trading lower by 19.4% during Thursday's session.
- The company earlier announced that Marcel Gani has resigned from its Board of Directors, effective April 8.
- Learn the top momentum trading strategies for today’s whipsaw market, live with Chris Capre on Sunday, May 4 at 1 PM ET. Reserve your free spot now.
SolarEdge Technologies Inc SEDG shares are trading lower by 19.4% to $11.56 during Thursday’s session. The company earlier announced that Marcel Gani has resigned from its Board of Directors, effective April 8.
Additionally, board member Dirk Hoke has informed the company that he will not seek re-election at the 2025 Annual Meeting of Shareholders and will step down upon the election of new directors.
What Else: The company clarified that neither departure was due to disagreements regarding operations or governance. In response, the Board adjusted its size—reducing it from ten to nine members effective immediately, with a further reduction to eight members to occur following Hoke's exit.
SolarEdge Technologies’ stock is also likely falling Thursday due to the broader market downturn triggered by renewed economic uncertainty, despite positive inflation data. Investors are digesting tariff pauses and lingering economic risks.
Read Also: Inflation Cools, But ‘Too Soon To Blow The All Clear,’ Economist Says
How To Buy SEDG Stock
By now you're likely curious about how to participate in the market for SolarEdge Technologies – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
According to data from Benzinga Pro, SEDG has a 52-week high of $72.10 and a 52-week low of $10.24.
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