SolarEdge posts second consecutive quarter of recovery amid signs of turnaround
Revenue and earnings beat analyst expectations as operating losses narrow and investors regain confidence.
SolarEdge is showing signs of recovery with a second consecutive quarter of improved financial results, following a prolonged crisis that saw its share price plunge nearly 80% over the past 12 months. The stock surged more than 15% on the Nasdaq following the latest earnings report.
The Israeli renewable energy company reported revenues of $219 million for the first quarter of 2025, marking a 12% year-over-year increase and exceeding analysts’ expectations of $203.8 million.
SolarEdge, which manufactures inverters that enhance the efficiency of solar panels, underwent four rounds of layoffs during the downturn and shuttered its factory in South Korea. Investors now appear optimistic about the company’s trajectory, as reflected in the stock’s sharp rise.
Operating expenses were cut to $89 million in Q1 2025, down from $107 million in the same quarter last year. The company also reported a significantly reduced net loss of $98.5 million, compared to $287.4 million a year earlier.
On an adjusted basis, the loss per share narrowed to $1.14—better than analysts' forecasts of a $1.20 loss and an improvement from last year’s $3.52 per share loss.
