SolarEdge Technologies (NASDAQ: SEDG) stock is soaring 19.21% in pre-market trading on Tuesday following the release of its first-quarter financial results that surpassed analyst expectations. The solar energy technology company demonstrated resilience in a challenging market environment and provided an optimistic outlook for the second quarter.

SolarEdge reported an adjusted loss per share of $1.14, beating the analyst consensus estimate of $1.16. The company's revenue for Q1 came in at $219.5 million, significantly above the expected $203.7 million. Despite ongoing losses, SolarEdge showed improvement with its adjusted net loss narrowing to $66.1 million compared to a loss of $108.6 million in the same period last year.

Investors were particularly encouraged by SolarEdge's strong guidance for the second quarter. The company expects Q2 revenue to be between $265 million and $285 million, surpassing analysts' expectations of $247.96 million. CEO Shuki Nir expressed confidence in the company's execution, stating, "Despite an uncertain tariff and regulatory environment, we remain relentlessly focused on elevating our execution across our business." This positive outlook, combined with the better-than-expected Q1 results, appears to be driving the significant stock price increase.