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SolarEdge (SEDG) Technologies announced that as part of its focus on its core solar activities, it will cease all activities of its Energy Storage division. This decision will result in a ...

SolarEdge plans to shut down its Energy Storage division, cutting 500 jobs, and recording $81M-$99M in charges. SolarEdge aims to offset restructuring costs with asset sales, including South Korea ...

The company said it would focus more on its core solar activities and expects to offset the charges through the sale of assets at its energy-storage unit, including the manufacturing facilities in ...

The firm views the news as “generally positive,” with management refocusing SolarEdge’s efforts on financial stability and the core Solar business specifically. However, it believes there ...

The closure of the company’s energy storage division is part of a strategic move to “focus on its core solar activities,” although SolarEdge said its solar business will continue selling ...

SolarEdge Technologies, Inc. (“SolarEdge” or the “Company”) (NASDAQ: SEDG), a global leader in smart energy technology, announced today that as part of its focus on its core solar ...

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and focus on our core business lines of solar, PV-attached storage and energy management capabilities," Faier stated. The closure aligns with SolarEdge's effort to optimize its business as it ...

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announced today that as part of its focus on its core solar activities, it will cease all activities of its Energy Storage division. This decision will result in a workforce reduction of ...