SolarEdge Technologies stock jumped after the company which produces technology for solar-panel installations, beat earnings expectations early Tuesday and said its margins would only be affected by two percentage points in the current quarter.

First-quarter adjusted loss per share was $1.14, on revenue of $219.5 million. Wall Street was looking for a loss per share of $1.16 on revenue of $204 million, according to analysts surveyed by FactSet.

SolarEdge stock rose 11.5% to $14.40 in premarket trading following the earnings release. Futures tracking the Nasdaq 100 were down 0.9%.

"Despite an uncertain tariff and regulatory environment, we remain relentlessly focused on elevating our execution across our business," CEO Shuki Nir said, noting that the company delivered a second straight quarter of positive free cash flow.

Shares of solar peers Enphase and First Solar fell double digits late April following quarterly earnings that both missed estimates and flagged tariff hits in the current quarter.

Sunrun is expected to report quarterly earnings Wednesday.

For the current quarter, SolarEdge now expects revenue between $265 million and $285 million, above the $244 million expected by analysts.

It sees second-quarter adjusted gross margin between 8% and 12%, including a two percentage points of new tariff impact.

The solar sector was under pressure even before the Trump administration's sweeping tariff announcement as weak residential demand and high interest rates have weighed on companies' profitability as well as shares.

Coming into Tuesday trading, SolarEdge stock was down nearly 80% in the last 12 months.