Company Performance - SolarEdge Technologies, Inc. reported a first-quarter 2025 adjusted loss of $1.14 per share, which is an improvement from the prior year's loss of $1.90 and better than the Zacks Consensus Estimate of a loss of $1.20 [1][2] - The company incurred a GAAP loss of $1.70 per share, compared to a GAAP loss of $2.75 in the same quarter last year [1] Revenue and Profitability - SolarEdge's revenues for the quarter were $219.5 million, exceeding the Zacks Consensus Estimate by 7.7% and increasing 7.4% from $204.4 million in the prior-year quarter [3] - The adjusted gross profit was $16.6 million, a significant improvement from an adjusted gross loss of $13.3 million in the previous year [4] - Adjusted operating expenses decreased by 18.4% year over year to $89.1 million [4] Operational Highlights - The company shipped 1,208 megawatts-alternate current (MWac) of inverters and 180 megawatt-hours of batteries during the quarter [4] - An adjusted operating loss of $72.4 million was reported, which is an improvement from an operating loss of $122.5 million in the prior-year quarter [5] Financial Position - As of March 31, 2025, SolarEdge had cash and cash equivalents of $401.4 million, up from $274.6 million at the end of 2024 [6] - The net cash inflow from operating activities was $33.8 million, a significant turnaround from a cash outflow of $217 million recorded a year ago [6] - Total long-term liabilities were $956.5 million, reflecting a 2.8% increase from the end of 2024 [6] Future Guidance - For Q2 2025, SolarEdge expects revenues to be in the range of $265-$285 million, which is above the Zacks Consensus Estimate of $239.7 million [7] - Adjusted operating expenses are projected to be between $90-$95 million, with an expected adjusted gross margin of 8% to 12% [7] Industry Context - SolarEdge currently holds a Zacks Rank 3 (Hold), indicating a neutral outlook in the current market environment [8]

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $219.5 million, with non-GAAP revenues at $212.1 million after excluding $7.4 million from discontinued operations [28] - Non-GAAP gross margin improved to 7.8% from a negative 39.5% in Q4 2024 [31] - Non-GAAP operating loss decreased to $72.4 million from $184.1 million in the previous quarter [31] - Non-GAAP net loss was $66.1 million in Q1, compared to $202.5 million in Q4 [31] - Free cash flow generated in Q1 was approximately $20 million, marking the second consecutive quarter of positive free cash flow [32] Business Line Data and Key Metrics Changes - In Q1, 50% of total megawatt shipments were commercial and utility products, while the other 50% were residential [29] - The average selling price (ASP) per watt was $0.01, down 17% from Q4 due to lower pricing in Europe [30] - Battery shipments totaled 180 MWh, with a blended ASP per kilowatt-hour of $267, up from $262 in Q4 [30] Market Data and Key Metrics Changes - North America sell-through was approximately $370 million, down 18% quarter-over-quarter, primarily due to seasonality [25] - European sales grew by 6% quarter-over-quarter, with expectations for normalized inventory levels by the end of Q2 2025 [26] - The company shipped 642 megawatts to the U.S., 324 megawatts to Europe, and 242 megawatts to international markets, totaling approximately 1.2 GW of shipments [29] Company Strategy and Development Direction - The company has set four strategic priorities: strengthening financials, regaining market share, accelerating innovation, and ramping up U.S. manufacturing [11] - The company aims to mitigate the impact of tariffs by diversifying its supply chain and optimizing sourcing [22] - A multi-year strategic partnership was established with a global leader in logistics real estate to integrate SolarEdge products across its portfolio [15] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about turning the corner in market share position, particularly in Europe [16] - The company expects a limited negative impact of 2% on gross margin due to tariffs in Q2, with a potential 4% to 6% impact in the second half of the year [23] - Management emphasized the importance of operational efficiency and innovation to drive future growth [12][19] Other Important Information - The company has created nearly 2,000 jobs in the U.S. and reached a capacity of 70,000 inverters per quarter [21] - The company divested its tracker business to reduce operating expenses without significantly impacting revenue [12] Q&A Session Summary Question: Can you provide insights on commercial storage growth? - Management noted strong growth in commercial battery attach rates but did not disclose specific numbers [39] Question: How will tariffs impact gross margins? - Management indicated that the 145% tariff on Chinese products would have a higher impact compared to the 10% tariff on other regions, with ongoing efforts to optimize the supply chain [41][42] Question: What is the pricing strategy moving forward? - The company plans to price products based on the value provided to customers and competitive advantages in specific markets [45] Question: What is the outlook for inventory levels? - Management expects the majority of distributors to reach normalized inventory levels by the end of Q2, which may influence revenue levels in Q3 [108] Question: How is the utility segment performing? - Management highlighted that SolarEdge technology optimizes power production and is gaining traction in the utility market, contributing to increased revenue [102]

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $219.5 million, with non-GAAP revenues at $212.1 million after excluding $7.4 million from discontinued operations [25] - Non-GAAP gross margin improved to 7.8% from negative 39.5% in Q4 2024 [29] - Non-GAAP operating loss decreased to $72.4 million from $184.1 million in the previous quarter [29] - Non-GAAP net loss was $66.1 million in Q1, compared to $202.5 million in Q4 [29] - Free cash flow generated in Q1 was approximately $20 million, marking the second consecutive quarter of positive free cash flow [30] Business Line Data and Key Metrics Changes - In Q1, 50% of total megawatt shipments were commercial and utility products, while the other 50% were residential [26] - The average selling price (ASP) per watt was $0.0173, down 17% from Q4 due to lower pricing in Europe [27] - Battery shipments totaled 180 MWh, with a blended ASP per kilowatt-hour of $267, up from $262 in Q4 [28] Market Data and Key Metrics Changes - North America sell-through was approximately $370 million, down 18% quarter-over-quarter, primarily due to seasonality [23] - European sales grew by 6% quarter-over-quarter, with expectations for normalized inventory levels by the end of Q2 2025 [24] - The company shipped 642 megawatts to the U.S., 324 megawatts to Europe, and 242 megawatts to international markets, totaling approximately 1.2 GW of shipments [26] Company Strategy and Development Direction - The company has set four strategic priorities: strengthening financials, regaining market share, accelerating innovation, and ramping up U.S. manufacturing [8] - The company aims to mitigate the impact of tariffs by diversifying its supply chain and optimizing sourcing [21] - A multi-year strategic partnership was established with a global leader in logistics real estate to integrate SolarEdge products across its portfolio [13] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about turning the corner in market share position, particularly in Europe [14] - The company anticipates a 2% reduction in gross margin due to tariffs in Q2, with a potential 4% to 6% impact in the second half of the year [21] - Management emphasized the importance of operational efficiency and innovation to navigate the challenging global environment [9] Other Important Information - The company has created nearly 2,000 jobs in the U.S. and reached a capacity of 70,000 inverters per quarter [19] - The company divested its tracker business to reduce operating expenses without significantly impacting revenue [10] Q&A Session Summary Question: Growth of commercial storage - Management noted strong growth in commercial battery attach rates but did not disclose specific numbers [34][36] Question: Strategy regarding tariffs and pricing - The company is working on alternative sourcing to mitigate tariff impacts and is focused on maintaining product quality [39][40] Question: Pricing strategy and inventory management - Management stated that pricing will reflect the value provided to customers and that inventory levels are being actively managed [42][46] Question: Update on European market demand - Management indicated that while the European market is challenging, there are signs of improved market share and sales performance [70][71] Question: Utility segment performance - The company is seeing traction in the utility segment due to its optimized technology, which enhances power production [100]

Financial Performance (Q1 2025) - GAAP Revenues were $219.5 million[9] - GAAP Gross Margin was 8.0%[10] - GAAP Net Loss was $(98.5) million[10, 11] - Non-GAAP Net Loss was $(66.1) million[9, 10] - Cash provided by operating activities was $33.8 million[10] - Cash, Deposits and Investments, Net of Debt was $113.2 million[10] Market Trends and Growth - Global population is projected to increase by 22% (+1.7 billion) from 2022-2050[17, 18] - Urbanization is expected to increase from 55% to 80% between 2020 and 2050[19] - Electric Vehicle penetration is projected to increase from 1% to 86% between 2020 and 2050[19] - There is a 68% increase in energy sector investment technologies from 2015-2022, totaling $62 billion in 2022[31]

Exhibit 99.1 SolarEdge Announces First Quarter 2025 Financial Results MILPITAS, Calif. — May 6, 2025. SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced its financial results for the first quarter ended March 31, 2025. GAAP gross margin was 8.0%1, compared to negative 57.2%1 in the prior quarter. Non-GAAP gross margin2 was 7.8%, compared to negative 39.5%1 in the prior quarter. GAAP operating expenses were $120.3 million, compared to $151.41 million in t ...

Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Has Expand Energy (EXE) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.Expand Energy is one of 247 companies in the Oils-Energy group. The Oils-Energy group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector grou ...

Core Viewpoint - SolarEdge Technologies is experiencing positive stock performance, with a notable increase in share price and anticipated growth in earnings despite a slight decline in revenue projections [1][2]. Company Performance - The stock closed at $16.83, reflecting a gain of +0.87% from the previous session, outperforming the S&P 500's daily gain of 0.67% [1]. - Over the past month, shares have increased by 12.43%, significantly surpassing the Oils-Energy sector's gain of 3.06% and the S&P 500's loss of 5.28% [1]. Earnings Forecast - The upcoming earnings report is expected to show an EPS of -$1.26, indicating a growth of 33.68% compared to the same quarter last year [2]. - The consensus estimate for revenue is projected at $204.36 million, which represents a slight decline of 0.02% from the equivalent quarter last year [2]. Full-Year Estimates - For the full year, the Zacks Consensus Estimates predict earnings of -$3.07 per share and revenue of $1.04 billion, reflecting year-over-year changes of +86.65% and +11.97%, respectively [3]. Analyst Estimates - Recent adjustments to analyst estimates are being monitored closely, as they reflect the latest business trends and can indicate analysts' outlook on the company's health and profitability [4]. - The Zacks Rank system, which incorporates these estimate changes, currently ranks SolarEdge Technologies at 3 (Hold) [6]. Industry Context - The solar industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 83, placing it in the top 34% of over 250 industries [7]. - Research indicates that industries in the top 50% rated by Zacks outperform those in the bottom half by a factor of 2 to 1 [7].

SolarEdge Technologies (SEDG) closed the latest trading day at $15.93, indicating a -1.06% change from the previous session's end. The stock fell short of the S&P 500, which registered a loss of 0.33% for the day. Elsewhere, the Dow saw a downswing of 0.37%, while the tech-heavy Nasdaq depreciated by 0.53%.Shares of the photovoltaic products maker witnessed a loss of 13.16% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 3.64% and the S&P 500's loss of 4.03%.Inve ...

Company Performance - SolarEdge Technologies (SEDG) stock closed at $17.12, reflecting a +0.82% change, outperforming the S&P 500's loss of 0.22% on the same day [1] - The stock has decreased by 13.5% over the past month, underperforming the Oils-Energy sector's loss of 1.22% and the S&P 500's loss of 7.48% [1] Upcoming Financial Results - The upcoming EPS for SolarEdge Technologies is projected at -$1.26, representing a 33.68% increase compared to the same quarter last year [2] - Revenue is estimated to be $204.36 million, indicating a slight decrease of 0.02% compared to the same quarter last year [2] Annual Estimates - For the annual period, earnings are anticipated at -$3.06 per share and revenue at $1.04 billion, reflecting increases of +86.69% and +11.97% respectively from the previous year [3] - Recent changes in analyst estimates suggest a positive outlook on the company's business performance and profit potential [3] Zacks Rank and Industry Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates SolarEdge Technologies at 3 (Hold) [5] - The Zacks Consensus EPS estimate has decreased by 0.5% in the past month [5] - The solar industry is part of the Oils-Energy sector, which has a Zacks Industry Rank of 75, placing it in the top 30% of over 250 industries [6]

Product Offerings and Innovations - The company has expanded its product offerings to include energy storage systems, EV chargers, and energy management software, enhancing its position in the smart energy technology market [23]. - The SolarEdge ONE platform optimizes energy usage for residential and commercial systems, allowing users to store solar energy and manage consumption effectively [27][28]. - The company’s DC optimized inverter system enables direct storage of solar energy in batteries, improving efficiency and return on investment [30]. - The SolarEdge Home Battery 400V has a capacity of 10kWh, while the SolarEdge Home Battery 48V has a capacity of 4.6kWh, providing backup power for several hours to many days during outages [36][38]. - The SolarEdge CSS-OD, released in 2024, is a scalable solution rated at 102.4kWh, suitable for various commercial applications [39]. - The company plans to launch a next-generation residential battery in 2025, expanding its storage solutions for single-phase and three-phase systems [65]. - The company continues to develop smart energy management solutions, including features for both residential and commercial segments [66]. - The CSS-OD battery solution, released in 2024, has a capacity of 102.4 kWh and includes an integrated 50 kW inverter [92]. - The company’s Power Optimizers allow for module-level maximum power point tracking, enhancing energy output and system design flexibility [26]. - The company’s inverters are designed to withstand harsh environmental conditions and are available in various capacities, from 3 kW to 330 kW [34]. Revenue and Market Performance - Revenues from the sale of Power Optimizers represented 34.9%, 30.3%, and 36.5% of total revenues for the years ended December 31, 2024, 2023, and 2022, respectively [32]. - In 2024, revenues from inverter sales represented 27.5% of total revenues, compared to 46.2% in 2023 and 36.6% in 2022 [35]. - In 2024, CED group accounted for 12.9% of the company's revenues, while no other customer exceeded 10% [71]. - SolarEdge's average revenue per installation (ARPI) has increased due to the expansion of smart energy products, including inverters and energy management devices [44]. Manufacturing and Production - The company has discontinued manufacturing in China, Mexico, and Hungary, while ramping up production in Texas, Florida, and Utah [96]. - The automated assembly lines for power optimizers can produce over 6,000 units per line per day, enhancing manufacturing efficiency [99]. - The company’s manufacturing strategy includes outsourcing, automation, and localization to produce high-quality products at competitive costs [96]. - The company continues to develop in-house manufacturing capabilities for passive components to reduce supplier dependence and improve performance [89]. Research and Development - The company has a research and development team of 1,171 employees as of December 31, 2024, focusing on power electronics and solar technologies [108]. - As of December 31, 2024, the company holds 595 issued patents and has 393 patent applications pending, primarily related to DC power optimization and battery technology [109]. Safety and Compliance - The company has incorporated safety mechanisms in its systems to protect against electrical hazards, complying with relevant safety standards [30]. - The company emphasizes the importance of safety features in its products, including module-level safety mechanisms and compliance with relevant safety standards [30]. - The CSS-OD incorporates multi-layered safety technology, including individual battery management units for each energy module and environmental sensors [93]. Market Challenges and Risks - The company faces risks including macroeconomic conditions, competition, and supply chain disruptions that could impact future performance [19][21]. - The U.S. trade representative announced final Section 301 import tariffs ranging from 25% to 50% on solar products imported from China, impacting the company's operations [122]. - The solar energy market is subject to seasonal fluctuations, with declines in PV installations typically observed during winter months in colder regions [124]. Customer Engagement and Training - The company maintains a customer support and training organization with 662 employees worldwide as of December 31, 2024 [78]. - The training portal (Edge Academy) hosted over 225,000 learners in 2024, with over 14,000 installers completing certification programs [73][74]. Strategic Partnerships and Acquisitions - The acquisition of Weev Energy in April 2024 enhances SolarEdge's EV charging optimization capabilities, integrating with the SolarEdge ONE energy optimization system [43]. - SolarEdge's grid services are being sold in the U.S., Europe, and Australia, with partnerships established for flexible grid services in the UK and the Netherlands [56]. Sustainability and Future Goals - The company aims to align its sustainability strategy with the United Nations Sustainable Development Goals, particularly focusing on affordable clean energy [127]. - The company continues to monitor the implementation of tax benefits and credits that may be impacted by new regulations or laws passed by Congress [120]. - The U.S. government enacted the Inflation Reduction Act of 2022, extending the investment tax credit (ITC) and production tax credit (PTC) through at least 2032, potentially providing up to 30% tax credits for qualifying energy projects [119]. Employee Engagement and Workforce - As of December 31, 2024, the company employed 3,961 individuals, with 1,171 in research and development, 539 in sales and marketing, and 1,804 in operations and production [128]. - The company emphasizes the importance of employee recruitment and retention, focusing on diversity and competitive benefits to attract skilled talent [130].