"This isn't greenwashing. Saudi Arabia plans to generate 50% of its electricity from renewables by 2030, freeing up crude for export markets where it commands premium prices. The math is simple: burn solar at home, sell oil abroad, maximize profit. That calculation is driving massive capital into solar infrastructure across the Middle East, creating a multi-trillion-dollar opportunity for companies positioned at the intersection of manufacturing, installation, and energy storage."
"SolarEdge Technologies (NASDAQ:SEDG) stumbled badly in 2024, reporting a catastrophic $22.54 loss per share after years of consistent profitability. European demand collapsed and inventory bloated. But Q3 2025 showed stabilization. The company narrowed losses to $0.31 per share, beating estimates by 24%. Revenue jumped 44.5% year over year to $340 million as management cleared excess inventory. The stock trades at $33.34, up 2.6%."
Saudi Arabia is shifting from building oil refineries to constructing large-scale solar farms, aiming to generate 50% of its electricity from renewables by 2030 and thereby free crude for export at higher prices. The plan converts domestic energy demand to photovoltaics so that oil can be sold abroad, prompting massive capital flows into solar infrastructure across the Middle East. The transition creates a multi-trillion-dollar market opportunity spanning solar manufacturing, installation, and energy storage. SolarEdge and NextEra are highlighted as representative companies capturing parts of the buildout, with SolarEdge showing recent stabilization despite past losses.
Read at 24/7 Wall St.
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