BUZZ-SolarEdge rises on workforce reduction plan, safe harbor agreements

** Shares of solar inverter maker SolarEdge Technologies SEDG.O rise 19.6% to $18.28 premarket

** Co to reduce headcount by about 400 employees globally

** SEDG expects lay offs will lead to a quarterly reduction in expenses of about $9 mln to $11 mln

** Co had previously announced workforce reduction plans in January, July, and November in 2024

** Co also announces safe harbor agreements with Sunrun RUN.O and a U.S.-based residential solar installations financier

** Expects deliveries under the safe harbor agreements to take place throughout 2025

** Up till last close, stock up 12.35%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))