Have you lost money investing in SolarEdge Technologies? If yes, please visit us Class Action by SolarEdge Technologies, Inc. Stockholders or contact Peter Allocco at (212) 951-2030 or [email protected] to discuss your rights.

NEW YORK, Nov. 04, 2022 (GLOBE NEWSWIRE) — Bernstein Liebhard LLP announces that on behalf of investors, shares in SolarEdge Technologies, Inc. (“SolarEdge” or the “Company”) (NASDAQ: SEDG) have been sold between August 6, 2020 and October 19, 2022, inclusive (the “Class Period”). The lawsuit was filed in the United States District Court for the Southern District of New York alleging violations of the Securities Exchange Act of 1934.

SolarEdge provides solar energy optimization and photovoltaic (“PV”) monitoring solutions for solar energy systems, offering optimizers, inverters, monitors, tools and accessories for energy harvesting, conversion and efficiency, serving customers worldwide. Two key components of SolarEdge solar energy systems are power optimizers and inverters. A power optimizer can be described as a direct current to direct current (“DC to DC”) converter technology designed to maximize the energy harvest of solar PV systems. Also known as the “brain” of a solar power system, an inverter converts the direct current (or “raw power”) from the PV panels into alternating current (“AC”) (or “usable” power) that runs in a user’s home.

SolarEdge states that inverters are “critical” because while inverters represent less than 10% of the system cost, these components manage 100% of the system production and are “critical to the long-term financial performance of a PV system as they drive energy production.” and reduce lifetime costs.” Since SolarEdge began commercial delivery of solar power systems in 2010, over 3.7 million inverters and 89 million…