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7 Clean Energy Stocks With A Bright Future - 5 of 7

 
 

#5 - SolarEdge Technologies (NASDAQ:SEDG)

Turning our attention to solar energy, investors should pay attention to SolarEdge Technologies (NASDAQ:SEDG). SolarEdge is an Israeli company that produces power optimizers, solar inverters, and monitoring systems to make residential and commercial solar products more efficient. The company has seen its U.S. market share of the residential solar market jump from 5% in 2013 to 61% in 2020.

Think of SolarEdge in a similar way as some of the semiconductor stocks that are a part of the 5G revolution. Just as those stocks are climbing because their products are essential to the global network's build-out, that’s the idea behind SolarEdge. Solar panels need to become more powerful and efficient. And SolarEdge is providing the technology to make that happen.

SEDG stock is up over 166% for the year. The company is getting ready to report earnings in early November. At that time, analysts will be looking for confirmation that SolarEdge is still on target for 27.51% revenue growth and 36.53% earnings growth in 2021.

About SolarEdge Technologies

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage. Read More 
Current Price
$14.77
Consensus Rating
Reduce
Ratings Breakdown
4 Buy Ratings, 19 Hold Ratings, 6 Sell Ratings.
Consensus Price Target
$22.40 (51.6% Upside)

 

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