10 Best Clean Energy Stocks to Buy Right Now

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

Number of Hedge Fund Holders: 35

A global leader in smart energy technology, SolarEdge Technologies, Inc. (NASDAQ:SEDG) designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations.

On May 8, Mizuho bumped up its price target on SolarEdge Technologies, Inc. (NASDAQ:SEDG) from $32 to $36, while keeping a ‘Neutral’ rating on the shares.

The move comes despite SolarEdge Technologies, Inc. (NASDAQ:SEDG) reporting mixed results for its Q1 2026 on May 6. The company delivered an adjusted loss of $0.43 per share during the quarter, falling behind expectations by $0.16. However, its revenue grew by over 41% YoY to $310.5 million and topped estimates by $5 million. Meanwhile, free cash flow came in at $20.7M million, down from $43.3 million in the previous quarter.

SolarEdge Technologies, Inc. (NASDAQ:SEDG) is forecasting revenues to be within the range of $325 million to $355 million for the second quarter, with adjusted gross margins expected to come between 23% and 27%. The company expects to approach breakeven operating profit in the second quarter.

While we acknowledge the potential of SEDG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SEDG and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Clean Energy Stocks to Buy Right Now.

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