SolarEdge shares rise as SEDG reports 46% revenue growth, positive free cash flow

SolarEdge Technologies shares rose 7% to close at $41.30 on May 12, 2026, after the solar power systems company reported first-quarter 2026 results showing a 46% year-over-year increase in non-GAAP revenue, driven by European demand and battery sales. The gains came despite weaker sequential U.S. revenue and a $14 million bad-debt charge tied to a U.S. customer. SolarEdge reported an 18% gross margin and generated positive free cash flow, which management said it expects to continue for the full year. The company guided for near-breakeven operating profit in the second quarter. SEDG is up 30.9% year to date but remains 20.8% below its 52-week high of $51.87 reached in March 2026.