$SEDG

The Trump administration announced a 15% tariff and minimum import prices for polysilicon derivatives, including silicon wafers, photovoltaic cells, and solar modules, to support the US solar supply chain. Analysts cited by BMO, Citi, Truist, BNP Paribas, and Barclays expect First Solar (FSLR) to benefit, with module prices potentially rising to the low to mid 40 cents per watt. Premarket: FSLR +4%, TAN +3%.

According to the executive order, President Trump extended China tariffs to polysilicon products with a 15% duty and set minimum prices for some related imports under Section 232. The move aims to protect U.S. solar supply chains. Solar stocks rose in premarket, including First Solar (+7%), SolarEdge (+1%), and the Invesco Solar ETF (+4%).

S&P 500 and Dow futures were little changed ahead of July non-farm payrolls, which could affect rate expectations. Nasdaq futures rose as Microchip Technology and Atlassian gained on quarterly forecasts, while Cloudflare lifted its full-year outlook. Chip and software peers also rose. Airbnb advanced after earnings. Reuters cites CME FedWatch and Labor Department expectations.

SolarEdge Technologies (SEDG) shares fell about 24% after the company issued a weaker Q3 2026 outlook. It guided revenue of $310 million to $340 million (midpoint $325 million), below analyst estimates around $368 million to $372 million, citing ongoing US residential demand uncertainty. Q2 revenue rose to $346.2 million; non-GAAP gross margin improved to 28.6%.

SolarEdge Technologies (NASDAQ:SEDG) reported Q2 2026 revenue of $346.2 million, up about 20% year over year. The company returned to non-GAAP operating profitability, with non-GAAP operating income of $10.2 million. GAAP gross margin rose to 27.5%. It generated $3.1 million free cash flow and guided Q3 revenue of $310 million to $340 million.

SolarEdge (SEDG) shares fell Aug. 5 after Q2 results despite beating estimates. The company reported Q2 revenue of $346.2 million, up 19.6% year over year, and EPS of $0.05 versus a $0.81 loss a year earlier. Investors cited weaker forward guidance, including current-quarter revenue of about $340 million at the top end, and a GAAP loss of $0.50 per share.

SolarEdge reported Q2 non-GAAP revenue growth of 20% and improved profitability, with non-GAAP gross margin rising to 28.6% and non-GAAP operating income of $10.2M. Non-GAAP net income was $3.6M, and free cash flow was $3.1M. Despite this, it forecast Q3 revenue of $310-340M, citing uncertainty in US residential demand.

Morgan Stanley lowered its price target on SolarEdge Technologies to $35 from $40 while keeping an Equalweight rating, according to the firm. The note cites a composite of valuation, EPS revisions over multiple periods, and visibility metrics used in its rating framework.

SolarEdge shares fell 30.48% to $33.90 after the company issued weak Q3 revenue guidance. In Q2, SolarEdge reported revenue of $346.2 million (+19.6% y/y) and adjusted EPS of 5 cents, while GAAP net loss was $30.8 million. It guided Q3 revenue to $310 million to $340 million, below expectations, weighing on the solar sector.

SolarEdge (NASDAQ: SEDG) shares fell 28.1% after the company issued Q3 revenue guidance of $310 million to $340 million, below analysts’ consensus of about $371 million. The drop followed Q2 results that beat estimates, with revenue of $346.2 million. The guidance shift drove investor concern.