solar-industry-update
#1 Leading Solar Photovoltaic (PV) Industry-Focused Newswire. We Specialize in News Reports/Analysis and Cutting Edge R&D Discoveries.

California — SolarEdge announced the closing of its previously-announced underwritten public offering of 2,300,000 shares of its common stock at $295.00 per share.

This comes to total gross proceeds of $678.5 million; before deduction for the underwriters’ discount and other offering expenses.

SolarEdge says the number includes 300,000 shares sold to the underwriters upon exercise of their option to purchase additional shares.

The company says Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC acted as joint book-running managers for the Common Stock offering.

Adding that it intends to use the net proceeds from the offering for general corporate purposes, which may include acquisitions; but does not currently have agreements or commitments for any such acquisitions.

Derick Lila
Derick is a Clark University graduate—and Fulbright alumni with a Master's Degree in Environmental Science, and Policy. He has 8+ years of solar industry research, marketing, and content strategy experience.

How proposed wind, solar projects could replace or eliminate need for coal power in Texas

Previous article

Texas A&M researchers found that targeted demand response reduces price volatility of electric grid

Next article

You may also like

Comments

Leave a reply