Kahn Swick & Foti, a law firm in New Orleans with expertise in investor lawsuits, said it is investigating SolarEdge Technologies. Israel-based SolarEdge Technologies is a worldwide supplier of solar inverters and energy optimization solutions. The probe is looking into whether SolarEdge directors or officers violated fiduciary obligations or state and federal securities laws. On August 1, 2023, SolarEdge announced high European distribution inventory levels, which raised an instant red flag among the shareholders and analysts. On October 19, 2023, SolarEdge announced surprise order cancellations and pushouts of the backlog that reduced revenue, gross margin, and income forecasts. The announcements triggered a securities class action lawsuit, claiming SolarEdge did not give material information to investors. The US District Court of the Northern District of California has lately permitted the lawsuit to move forward, listing growing concerns on the disclosure and governance practices of SolarEdge. Kahn Swick & Foti has invited SolarEdge long-term shareholders to reach out to its offices for potential claims resulting from these events.