SolarEdge triples share price in 12 months amid US manufacturing shift and tax credit boost

SolarEdge Technologies has tripled its share price over the past year by shifting to US domestic manufacturing and benefiting from Inflation Reduction Act (IRA) tax credits. The company’s gross margin rebounded to 22% in Q4 2025, supported by recovering demand and operational restructuring. Despite strong market share gains and positive free cash flow, SolarEdge faces risks from a high debt-to-equity ratio of 0.9 and lacks a durable competitive moat. The stock is rated a Buy for its growth potential, but investors should monitor inventory levels, debt, and competition closely.