BUZZ-Solaredge set for best day on record after Q4 revenue beat

Solaredge Technologies' SEDG.O shares jump 30% to a near-five-month high at $21.9

The solar inverter maker's stock set for best percentage gain in a day on record

SEDG posts quarterly revenue of $196.2 mln, surpassing expectations of $188.7 mln - data compiled by LSEG

Co expects Q1 revenues between $195 mln and $215 mln, in line with estimates of $202.8 mln

Other solar stocks also advance: Sunrun RUN.O up 3.4%, Enphase Energy ENPH. up 5.3% and First Solar FSLR.O up 3.4%

"We are just getting started on our turnaround story," says Shuki Nir, CEO of SolarEdge, adding that "we expect to be free cash flow positive in Q1 2025 and for the full year 2025."

Company reports Q4 adj loss of $3.52 per share, higher than estimated loss of $1.65 per share

Majority of brokerages rate the stock "hold"; their median PT is $14

Including session's moves, SEDG up about 63% YTD