SolarEdge Soars to Two-Year High on Rush to Secure U.S. Solar Tax Credit

Overview

• SolarEdge shares jumped to a two-year peak, closing at $61.76 after touching $63.53, as traders piled into the stock on expectations of heavy commercial orders.
• Developers are expected to safe‑harbor gear before July 4 to qualify projects for a 30% investment tax credit, which means purchasing or staging equipment now to lock the incentive.
• The company’s latest quarter showed mixed signals with revenue of $310 million up 46% year over year and an EPS loss of $0.43 that missed forecasts, while management guided to breakeven operating profit in Q2.
• Jefferies cut its price target to $45, citing a $14 million bad‑debt charge tied to a U.S. customer, a reminder that credit exposure could weigh on margins even if orders rise.
• A CFO change adds to the backdrop, with Maoz Sigron taking the role on May 31 and outgoing CFO Asaf Alperovitz staying through June 9 to help the transition as demand and valuation swing sharply.