5 Undervalued Stocks to Buy According to Goldman Sachs

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

Share Price Upside: 82%

Average Analyst Share Price Target: $294.64

SolarEdge Technologies, Inc. (NASDAQ:SEDG), as the name suggests, is a solar power company. The firm is currently seeking to balance a boom in demand for its products in Europe while sales in China and California might slow down.

43 out of the 910 hedge funds part of Insider Monkey’s Q2 2023 database had held a stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG). D. E. Shaw’s D E Shaw is the largest shareholder among these, through its $404 million stake. Goldman Sachs owns 14.4 million shares worth $1.7 billion.

Follow Solaredge Technologies Inc. (NASDAQ:SEDG)

Disclosure: None.  You can also take a look at Goldman Sachs Solar and Green Energy Stocks: Top 10 Stock Picks and Goldman Sachs Dividend Stocks: Top 12 Stock Picks.

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