5 Best Battery Stocks To Invest In Before They Take Off

2. SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Number of Hedge Fund Investors In Q4 2023: 32

YTD Share Price Drop: 17.67%

SolarEdge Technologies, Inc. (NASDAQ:SEDG) is a diversified solar energy company that sells energy storage products among others. The firm’s shares dropped by a painful 15% in February 2024 after it revealed that for the first quarter of the year, the upper end of its revenue estimate of $215 million would be significantly lower than analyst estimates of $373 million.

For their December quarter of 2023 shareholdings, 32 out of the 933 hedge funds covered by Insider Monkey’s research had bought and owned the firm’s shares. SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s largest hedge fund investor is Josh Overdeck and David Siegel’s Two Sigma Advisors as it owns $103 million worth of shares.

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