Shares of SolarEdge Technologies (NASDAQ:SEDG) declined about 4% in after-hours trading on Tuesday after the company disclosed that its chief financial officer, Asaf Alperovitz, plans to leave his role on June 9 to accept a CFO post at a public company operating in a different industry.
The solar-equipment and energy management company said its board of directors has already launched a search for a replacement. The company noted that Alperovitz will remain active in his current position through early June to support ongoing operations and to assist with the leadership handover.
In prepared comments, Chief Executive Officer Shuki Nir expressed appreciation for Alperovitz’s contributions, saying the CFO helped strengthen SolarEdge’s financial foundation and advance progress toward sustained profitability in 2026. Nir reiterated the company’s focus on transitioning to profitable growth and described 2026 as an expected transformational year for the business.
Alperovitz commented that he is proud of the progress achieved during his tenure and said he is excited about SolarEdge’s future opportunities.
The company was explicit that the CFO’s departure is not related to any financial or accounting matter, nor is it the result of any disagreement over operational policies or practices. SolarEdge also re-affirmed its financial guidance for the first quarter, guidance that the company originally provided on February 18.
Sector and market context
Although the announcement was limited to details about the executive transition and the timing of Alperovitz’s departure, the immediate market reaction was visible in the after-hours trading session. The company’s public statements emphasize continuity - with the outgoing CFO staying through early June and the board actively seeking a successor - and management restated previously issued quarterly guidance.
Next steps
- The board search for a new CFO will proceed while Alperovitz remains to facilitate a transition.
- Management will continue to work toward the company’s stated goal of profitable growth and the milestone year of 2026.
- Quarterly financial guidance remains unchanged from the February 18 update.