SolarEdge Technologies is trading 4.9% higher at $43.80 in pre-market action after a regulatory filing revealed that BlackRock has increased its passive stake in the company to 15.2%.
- The significant stake increase signals growing institutional confidence, helping the stock extend a sharp rebound from its recent lows.
- Investor sentiment is further supported by a positive backdrop in the broader market, with index futures trending higher ahead of the opening bell.