5 Best Green Energy Stocks To Buy

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

Number of Hedge Fund Holders as of Q1: 47

Stock Price Change Over the Past Six Months as of November 17: +21%

SolarEdge Technologies, Inc. (NASDAQ:SEDG) is an Israeli producer and seller of solar inverters for PV arrays and energy generation monitoring software.

In a note issued to investors on June 2, Colin Rusch at Oppenheimer upgraded SolarEdge Technologies, Inc. (NASDAQ:SEDG) stock from a Perform to an Outperform rating and gave it a target price of $334. Rusch thinks that the company is in a highly defensible position and moving towards healthy growth. He further stated that the increase in natural gas prices in Europe following the start of the conflict between Russia and Ukraine has made the “solar plus storage economics” attractive for consumers in the US and Europe.

Here’s what ClearBridge Investments said about SolarEdge Technologies, Inc. (NASDAQ:SEDG) in its Q1 2022 investor letter:

“SolarEdge Technologies (NASDAQ:SEDG) is a key solar holding that should be able to take advantage of greater incentives for solar installations in many geographies. The company was also a strong contributor for the quarter, overcoming pressures of a higher discount rate on their strong projected future earnings, raw material inflation, and supply chain challenges as their long-term value was reaffirmed.”

As of Q1 2022, 47 hedge funds reported owning a stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG).

You can also take a peek at Cliff Asness’ Short Position on AMC and His Top 10 Picks and 10 Best Tech Stocks to Buy According to Billionaire Ken Griffin.

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