SolarEdge stock down on negative free cash flow, PM&M setback

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Josh Lipton ニュース

Convertible Note,Solaredge,Free Cash Flow

Shares of SolarEdge Technologies (SEDG) are falling after one of its customers, PM&M Electric, filed for bankruptcy. The company has announced that it...

) are falling after one of its customers, PM&M Electric, filed for bankruptcy. The company has announced that it expects negative free cash flow of $150 million. SolarEdge is also planning a $300 million convertible note offering, which will dilute value for existing shareholders.They are trending that they're going in the wrong direction if you're long the stock on one of its customers p and and and Electric filed for bankruptcy.

The company solar that is revealing that in the filing and solar edge by the way, also saying it now expects negative free cash flow of about $150 million in the court current quarter.So that'll be convertible into shares that will dilute the value for existing shareholders, all of that combining into a big tumble for those shares.Uh after this news, he said, listen, the free cash flow guidance he told them was, was that was offered was considerably below his call.

His forecast saying that um does not expect liquidity to be a sir here Julie but said the negative free cash flow guide likely represents another proof point.And those shares really tumbling here, by the way, that customer that went, uh, that is filed for bankruptcy owes solaredge $11.4 million.This super dividend stock offers high yield and visibility over earnings growth. It can help you earn $1,830 in passive income.

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