"Shares of SolarEdge Technologies are ripping higher in Friday's midday session, with SEDG stock up 22% to $61.44. That extends Thursday's surge into a powerful two-day run, with the one-week move now sitting at 49%. Enphase Energy is along for the ride, with ENPH stock up 11% to $53.25 and the one-week tally near 46%. The rooftop solar bid that ignited Thursday's session isn't fading. It's compounding."
"SolarEdge's Q1 2026 report on May 6 delivered revenue of $310.5 million, up 42% year over year (YoY) and ahead of consensus. Non-GAAP gross margin came in at 24%, marking the sixth consecutive quarter of margin expansion. The bigger driver here is the forward guide. SolarEdge's management called for $325 million to $355 million in Q2 2026 revenue with non-GAAP gross margin between 23% and 27%, and CEO Shuki Nir told investors SolarEdge expects to be close to breakeven operating profitability at the midpoint."
"Nir asserted the company has shifted decisively to offense around the Nexis platform rollout and an AI data-center power roadmap. With short interest still heavy and SEDG stock down 72% over five years, a clean beat plus a profitability inflection is exactly the cocktail that forces covering. Enphase isn't reporting today, but the setup is supportive. The most recent Q4 2025 print on February 3 delivered non-GAAP EPS of $0.71 against a $0.58 estimate, with U.S. sell-through demand and IQ Batteries flagged as standouts."
"This is happening with the 10-year Treasury yield at 4.46%, still elevated but not the kind of move that breaks residential financing math. The bid looks structural. SolarEdge's Margin Story Keeps Working. Enphase stock now sports a forward P/E ratio of 17x against a market cap of $6.33 billion, with the one-month gain stretching to 65%. That's the kind of move that could draw momentum traders into Enphase."
SolarEdge shares rose sharply during the midday session, extending a strong two-day run and lifting the one-week performance substantially. Enphase also gained significantly, benefiting from a supportive market setup and momentum. The move occurred while the 10-year Treasury yield remained elevated, but not at levels that would immediately disrupt residential financing. SolarEdge reported Q1 2026 revenue growth and continued non-GAAP gross margin expansion for a sixth straight quarter. Forward guidance projected higher Q2 2026 revenue and a non-GAAP gross margin range, with expectations of near breakeven operating profitability. Management emphasized a shift toward offense tied to the Nexis platform rollout and an AI data-center power roadmap.
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