SolarEdge Pops 22%, Enphase Gains 11%: Two-Day Solar Surge Tops 40% for SEDG

Shares of SolarEdge Technologies (NASDAQ:SEDG | SEDG Price Prediction) are ripping higher in Friday’s midday session, with SEDG stock up 22% to $61.44. That extends Thursday’s surge into a powerful two-day run, with the one-week move now sitting at 49%.

Enphase Energy (NASDAQ:ENPH) is along for the ride, with ENPH stock up 11% to $53.25 and the one-week tally near 46%. The rooftop solar bid that ignited Thursday’s session isn’t fading. It’s compounding.

The kicker: this is happening with the 10-year Treasury yield at 4.46%, still elevated but not the kind of move that breaks residential financing math. The bid looks structural.

SolarEdge’s Margin Story Keeps Working

SolarEdge’s Q1 2026 report on May 6 delivered revenue of $310.5 million, up 42% year over year (YoY) and ahead of consensus. Non-GAAP gross margin came in at 24%, marking the sixth consecutive quarter of margin expansion.

The bigger driver here is the forward guide. SolarEdge’s management called for $325 million to $355 million in Q2 2026 revenue with non-GAAP gross margin between 23% and 27%, and CEO Shuki Nir told investors SolarEdge expects to be “close to breakeven operating profitability” at the midpoint.

Nir asserted the company has “shifted decisively to offense” around the Nexis platform rollout and an AI data-center power roadmap. With short interest still heavy and SEDG stock down 72% over five years, a clean beat plus a profitability inflection is exactly the cocktail that forces covering.

Enphase Catches the Sympathy Bid

Enphase isn’t reporting today, but the setup is supportive. The most recent Q4 2025 print on February 3 delivered non-GAAP EPS of $0.71 against a $0.58 estimate, with U.S. sell-through demand and IQ Batteries flagged as standouts.

ENPH stock now sports a forward P/E ratio of 17x against a market cap of $6.33 billion, with the one-month gain stretching to 65%. That’s the kind of move that could draw momentum traders into Enphase.

Utility-Scale Names Aren’t Joining the Party

The divergence is the real tell. Canadian Solar (NASDAQ:CSIQ) is down 1% today to $17.58, extending its post-earnings slide after the Q1 report leaned on a $93 million one-time IEEPA tariff refund to flatter the gross margin line.

First Solar (NASDAQ:FSLR) is participating only modestly, up 2% to $235.75, with FSLR stock still down 10% year to date (YTD). Capital is rotating into residential power electronics rather than utility-scale modules.

What Could Break This Move

Solar is notoriously volatile, and a two-day rip can reverse just as fast. SEDG stock now trades well above the consensus analyst target of $39.57, with the analyst board still skewed 21 Holds against just one Buy. That’s a setup where one cautious downgrade into the weekend could take the air out quickly.

Policy is the other watch item. The IRA as amended by the One Big Beautiful Bill Act of 2025, plus the looming Section 25D expiration, is pulling residential demand forward. Any headline that questions the runway, or a back-up in the 10-year past the 4.58% high from May 21, 2025, would test the thesis fast.

Keep an eye on whether SEDG stock holds above $60 into the close and whether sell-side desks push out fresh notes on Monday. Momentum traders own this tape right now, and the next analyst action will decide if the bid keeps compounding or finally takes a breather.