New York, February 23, 2026, 09:00 EST — Premarket
SolarEdge Technologies Inc shares edged lower in premarket action Monday after Mizuho’s Maheep Mandloi cut his price target on the Nasdaq-traded solar inverter firm. The stock dipped roughly 1%, trading around $37.5. (The Wall Street Journal)
SolarEdge’s recent surge has left the shares more exposed to swings in forecasts for Europe’s demand and its cash flow. A price target reflects where brokers figure the stock might land in about a year.
U.S. equity futures slipped before the bell, with risk appetite cooling as fresh tariff worries resurfaced. Higher-beta renewable energy stocks took the brunt of the pressure. (Reuters)
Mizuho trimmed its price target to $32 from $33, sticking with its Neutral rating. The firm pointed to weaker-than-expected results out of Europe and rising operating expenses. Shares have climbed roughly 115% in the last year, but Mizuho noted that core margins—excluding the U.S. “45X” manufacturing tax credit for certain clean-energy parts—remain below those of competitors. Cash flow will likely dip into negative territory in the second and third quarters as working capital moves around, according to the broker. As for the SST/800Vdc platform designed for higher-voltage applications, Mizuho said it’s still too soon to include in any financial models. (Investing)
SolarEdge shares jumped 8.4% to close at $37.90 Friday, wrapping up a volatile week following its latest quarterly results. (Investing)
SolarEdge reported fourth-quarter revenue of $335.4 million in the filing. Free cash flow was $43.3 million, with non-GAAP gross margin ticking up to 23.3%. “In 2026 we are shifting decisively to offense, focused on moving toward profitable growth,” chief executive Shuki Nir told investors.
Free cash flow refers to the cash that remains after capital expenditures—something traders eye closely, since it can be used for new investments or to pay down debt without raising fresh funds. Working capital, on the other hand, gets locked into everyday needs like inventory and accounts receivable from customers.
SolarEdge makes inverters and power optimizers for solar arrays, putting it up against Enphase Energy in residential setups and facing broader competition in commercial markets. Distributors in Europe have driven demand, slashing orders fast whenever stockpiles start to swell.
Still, there are weak spots in the turnaround. European orders remain light—if that doesn’t change, or if inventory and receivables shift unfavorably, cash flow could reverse. With shares up lately, there’s less cushion for any slip.
SolarEdge’s next turn on the conference circuit — notably at the Roth Conference slated for March 23-24 — puts the spotlight on Europe, profit margins, and cash flow. Investors are watching for anything new. (SolarEdge Investors)
