SolarEdge Technologies Stock Surges on Major Commercial Rooftop Solar Deal

SolarEdge Technologies (SEDG) shares surged as much as 12.7% intraday before settling at a 9.7% gain after announcing a transformative supply agreement with Solar Landscape. The deal positions SolarEdge as the technology provider for over 500 commercial rooftop solar projects across multiple states through 2026.

RBC Capital estimates the contract represents approximately 630MW of solar capacity - equivalent to 27% of SolarEdge's total 2024 commercial shipments. The scale of the partnership underscores accelerating demand for distributed solar solutions in commercial and industrial segments.

While broader markets wavered with the S&P 500 and Dow Jones Industrial Average in negative territory, SolarEdge's announcement cut through the volatility. Investors interpreted the deal as validation of the company's technological leadership in commercial solar optimization systems.