SolarEdge (SEDG) surged 19% while First Solar (FSLR), the sector's most profitable name, dropped 22% on policy uncertainty and securities litigation. First Solar's 11.7% weighting in TAN actively muted gains from inverter names, leaving the ETF down 2% while SPY rose 13%. Section 25D expiration crushed U.S. residential demand, sending Enphase's domestic sell-through down 34% and industry permits 30% below prior-year levels in June.
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Solar's 2026 scoreboard through Friday's close doesn't read like a sector at all. Three of the best-known U.S.-listed solar names moved in different directions this year, and the winner may surprise anyone who assumed size and profitability would carry the group. SolarEdge Technologies (NASDAQ:SEDG) stock closed at $34.20, up 19% year to date.
Meanwhile, Enphase Energy (NASDAQ:ENPH) stock finished at $36.37, up 13%. First Solar (NASDAQ:FSLR) stock, the largest and most profitable name of the three, ended at $204.45, down 22%. Between them sits a sector fund that never picked a side.
The Invesco Solar ETF (NYSEARCA:TAN) was down 2% year to date. To provide the broader context, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) was up 13%, putting the broad market above every solar name except SolarEdge. Solar spent 2026 trading on federal tax-credit policy rather than on reported results.
Expiration of the Section 25D residential clean energy credit pressured U.S. distributor buying and installer cash flows, and both SolarEdge and Enphase described soft domestic sell-through even as European demand grew sharply. That policy overhang set the tone for the group all year, overshadowing earnings results. 24/7 Wall St has helped investors make money for over two decades, and our top analysts just finished ranking the definitive Top 10 Stocks To Buy Now. Not the ten biggest companies.
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