NEW YORK, May 16, 2026, 10:10 EDT
- SolarEdge closed Friday at $61.76, up 22.93%, leaving the shares about 49.5% above the prior Friday’s close.
- U.S. stock trading is closed for the weekend; Nasdaq lists Memorial Day on May 25 as the next full 2026 market holiday.
- The Monday setup turns on whether buyers treat the move as a fresh turnaround trade or a tax-credit-driven demand rush.
SolarEdge Technologies, Inc. surged into the weekend after a sharp two-day rally that put the solar-inverter maker back on traders’ screens. The Nasdaq-listed shares closed Friday at $61.76, up 22.93%, after rising 17.47% on Thursday.
That matters now because the market is shut, not just quiet. Nasdaq regular trading runs Monday through Friday from 9:30 a.m. to 4 p.m. Eastern time, and the next scheduled regular session is Monday, May 18.
The week was not straight up. SolarEdge closed May 8 at $41.30, dipped Tuesday, then climbed to $42.77 on Wednesday before the late-week break higher. Friday volume was 14.48 million shares, more than triple Monday’s 2.47 million.
The company had given investors something to work with. SolarEdge reported first-quarter revenue of $310.5 million, down 7.4% from the prior quarter, and forecast second-quarter revenue of $325 million to $355 million. It also guided for non-GAAP gross margin of 23% to 27%; non-GAAP means an adjusted figure that strips out some accounting items from standard results.
Chief Executive Shuki Nir said in the May 6 release that a “return to profitability” was in sight and that the company had “shifted decisively to offense,” including work on its Nexis platform and AI data-center power roadmap. SolarEdge Technologies, Inc.
Fresh comments helped keep the trade alive. At Deutsche Bank’s Global Solar & Clean Tech Conference on May 14, Nir said March activity was “stronger than expected seasonality” and that the same trend continued into April, citing high energy prices and geopolitics as factors lifting residential and commercial-and-industrial demand. Seeking Alpha
The policy clock is the other piece. Reuters reported that the One Big Beautiful Bill Act effectively ends renewable-energy tax credits after 2026 if projects have not started construction, while S&P Global said developers are racing to start work before a July 4 deadline to secure expiring credits. The investment tax credit, or ITC, reduces taxes owed on qualifying energy projects.
SolarEdge has also told customers the July 4 beginning-of-construction date is a key cut-off. Its own guidance says safe harbor — a way to lock in tax-credit eligibility by showing a project has begun — can preserve a longer completion runway, while projects begun after July 4 and not placed in service by Dec. 31, 2027, risk losing the solar ITC.
Peers moved too, but not as hard. Enphase Energy, another solar equipment name, closed Friday at $52.89, up 10.2%, while First Solar, a U.S. panel maker, rose 0.7% to $233.37. SolarEdge’s outperformance suggests investors were paying for both sector exposure and a more company-specific turnaround trade.
There is a management change in the middle of it. A filing showed SolarEdge appointed Maoz Sigron as chief financial officer effective May 31, with outgoing CFO Asaf Alperovitz staying through June 9 for the handover. Sigron was previously CFO and later chief operating officer at Perion Network, and Nir called the appointment a “pivotal moment.”
But the risk is that the rally is borrowing demand from the future. SolarEdge said first-quarter revenue did not include significant one-time or pull-forward revenue, but the July 4 deadline could concentrate orders into the current quarter. If customers pause after locking in eligibility, or if margins fail to move toward the company’s forecast range, the stock could give back a chunk of the late-week move.
For Monday, the stock forecast is volatile, not cleanly bullish. Holding above Thursday’s $50.24 close would keep the breakout intact and put Friday’s $63.53 intraday high back in play; a break below $50 would point to profit-taking, meaning selling by investors who want to lock in fast gains. Traders will also watch for fresh analyst notes, order commentary tied to safe harbor demand, and whether Enphase keeps moving with SolarEdge.
