SolarEdge shares surged after strong Q4 results and a favorable Supreme Court ruling on tariffs.

SolarEdge Technologies (SEDG) shares rose sharply in midday trading on Friday, reaching $37.66, after reporting stronger-than-expected Q4 earnings on February 18, with revenue up 70.9% year-over-year to $333.8 million and adjusted EPS of $0.14, beating estimates by $0.05. The results, coupled with positive guidance on margin expansion and future profitability, prompted several firms—including TD Cowen, Goldman Sachs, and Morgan Stanley—to raise price targets, though analyst sentiment remains mixed, with a consensus "Reduce" rating and an average target of $27. The stock’s momentum was also supported by a Supreme Court ruling that invalidated Trump-era emergency tariffs, reducing trade uncertainty. Despite a negative net margin and return on equity, the company’s expansion into energy storage and EV charging, along with strong institutional ownership and elevated options activity, signal ongoing market interest.