SolarEdge Technologies is trading 4.8% up today at $43.19 after a recent regulatory filing showed that BlackRock has increased its passive stake in the company to 15.2%.
- The significant increase in ownership by the world's largest asset manager signals strengthening institutional confidence in the company.
- SolarEdge is currently outperforming the broader energy sector, which is lagging despite gains in the wider U.S. markets, suggesting the price action is driven by company-specific news.