NEW YORK, Nov. 15, 2022 (GLOBE NEWSWIRE) — Attorney Advertising–Bronstein, Gewirtz & Grossman, LLC is notifying investors that a class action lawsuit has been filed against SolarEdge Technologies Inc. (“SolarEdge” or the “Company”) (NASDAQ : SEDG) and certain of its officers on behalf of all persons and entities that purchased or otherwise acquired SolarEdge securities between August 6, 2020 and October 19, 2022, both dates inclusive (the “Collection Period”). Such investors are encouraged to join this case by visiting the company’s website: www.bgandg.com/sedg.

This class action seeks damages against the defendants for alleged violations of the Securities Exchange Act of 1934 (the “Exchange Act”).

The lawsuit alleges that throughout the class period, the defendants made materially false and misleading statements and failed to disclose material adverse facts about the Company’s business, operational and compliance policies. In particular, the defendants made false and/or misleading statements and failed to disclose to investors that: (1) the designs of the power optimizers, inverters and their components used in the development of SolarEdge’s products may have originated from Ampt and were manufactured by Ampt have been abused; (2) Ampt asserted claims against the company for misappropriation of Ampt’s patented technology; (3) there was evidence supporting allegations that SolarEdge misappropriated certain patents related to the design and development of the company’s power optimizers and inverters; (4) as a result, SolarEdge faced governmental and/or legal action that could prohibit the import, marketing and sale of its power optimizers and inverters, including solar power systems incorporating such products; which, in turn, (5) seriously threatened SolarEdge’s ability to monetize and generate revenue from its solar energy systems, which include power optimizers and inverters, in the United States; and (6) certain income from the…