SolarEdge Technologies, Inc. (SEDG) announced that Chief Financial Officer Asaf Alperovitz will step down, with his departure effective June 9, 2026. Alperovitz will remain in a transitional role until a successor is named, ensuring continuity in financial operations during the transition.
Alperovitz, who has overseen the company’s financial strategy for several years, said he is leaving to pursue a CFO position at another public company outside the solar industry. The move is not linked to any financial or accounting issues, and the board has expressed confidence in the company’s ongoing stability.
In its most recent earnings release, SolarEdge reported a GAAP net loss of $405.45 million for the fourth quarter of 2025, a significant improvement from the $1.81 billion loss recorded in 2024. Revenue for the quarter rose to $335.36 million, up 70% year‑over‑year, driven by strong demand in core residential and commercial segments. Non‑GAAP gross margin expanded to 23.3% from 18.8% in the prior quarter, reflecting pricing power and disciplined cost management.
The company reaffirmed its first‑quarter 2026 guidance, projecting revenue between $290 million and $320 million and a non‑GAAP gross margin of 20% to 24%. Maintaining the guidance signals management’s confidence that the company’s profitable‑growth strategy will continue to deliver the expected financial trajectory, despite the leadership change.
CEO Shuki Nir said, "On behalf of our executive team and the Board of Directors, we thank Asaf for his leadership and contributions in reinforcing SolarEdge's financial foundation and advancing the company towards sustained profitability in 2026 and wish him continued success. We remain focused on moving toward profitable growth and believe 2026 will be a transformational year for SolarEdge." Alperovitz added, "I want to thank my team, the Board and everyone at SolarEdge. I leave holding SolarEdge in the highest regard. I am enormously proud of the strides we've made and equally excited about its future opportunities." Management highlighted a strategy focused on profitable growth, scaling the Nexis platform, and investing in high‑growth adjacencies such as AI data‑center power.
Investors reacted with caution to the CFO departure, reflecting the typical sensitivity to C‑suite changes. The reaffirmation of Q1 2026 guidance and the company’s recent improvement in profitability helped temper concerns, indicating that the leadership transition is unlikely to derail the company’s current growth trajectory.
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