Enphase Energy Inc

The S&P 500 and Nasdaq closed at record highs Friday, driven by AI chip stocks and a better-than-expected April jobs report, even as oil prices climbed. Nvidia, Micron, and SanDisk posted strong gains.

SolarEdge shares dropped 6% after a Q1 adjusted loss exceeded expectations, even as revenue grew 46% to $310.5 million. The company's turnaround faces headwinds from U.S. demand softness and competitive pressure.

Enphase Energy shares fell 7.3% after Q1 revenue dropped to $282.9 million and a GAAP loss of $7.4 million, as U.S. solar demand continued to decline. Adjusted earnings beat estimates, but investors remain skeptical.

SolarEdge shares surged 11% to $47.36 on Thursday after launching a 197 kWh commercial battery system. Despite 2025 revenue rising 31%, the company posted a net loss of $405.4 million and analysts remain bearish with a $29.90 target.

Enphase Energy shares dropped sharply, closing at $44.14 amid a broader tech selloff and ahead of key inflation data. A director sold 1,100 shares this week.