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SolarEdge stock gains after securing major commercial rooftop deal

Published 30/07/2025, 17:22
© Pavlo Gonchar / SOPA Images/Sipa via Reuters Connect
SEDG
8.27%

Investing.com -- SolarEdge Technologies Inc (NASDAQ:SEDG) stock surged 8% after announcing a significant agreement with Solar Landscape to supply U.S.-manufactured solar technology for over 500 commercial rooftop projects across multiple states.

The deal, which covers installations planned for 2025 and 2026, will focus on accelerating solar deployment across large-scale commercial and industrial rooftops. SolarEdge’s domestically manufactured components will help Solar Landscape, described as the leading U.S. commercial rooftop solar developer, meet demand for American-made solutions while optimizing project timelines through a localized supply chain.

"Generating electricity on commercial rooftops and distributing it into the grid is America’s most shovel-ready energy option," said Solar Landscape’s co-founder and CEO Shaun Keegan. "Our partnership with SolarEdge allows us to rapidly and efficiently deploy solar across a diverse array of commercial and industrial rooftops. Their U.S.-manufactured technology gives us the reliability and performance we need while meeting domestic content requirements for our projects."

The collaboration targets what both companies describe as a largely untapped resource for distributed generation solar. SolarEdge’s technology is designed to enable efficient installations on various commercial rooftops, maximizing power generation from available space.

According to the announcement, Solar Landscape leased 40 million square feet of commercial rooftop space in the U.S. in 2024 and aims to deploy enough solar capacity to power 80,000 households. The company reports having over 80 partners that own more than 2 billion square feet of commercial real estate nationwide.

SolarEdge noted that its domestic manufacturing facilities have created approximately 2,000 American jobs while ensuring a resilient supply chain for partners.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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