5 Best Alternative Energy Stocks to Buy Right Now

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

Share Price Growth Over the Year: 45.10%
Number of Hedge Fund Holders: 37

SolarEdge Technologies, Inc. (NASDAQ: SEDG) is incorporated in Delaware, United States, and headquartered in Herzliya, Israel. The company is responsible for providing products that work alongside solar panels to improve their efficiency and increase energy output. It is also known for its partnerships with Tesla Inc and Schneider Electric, to provide the pair with inverters and other associated technology products for use with solar panels. In addition to providing products to companies, SolarEdge Technologies, Inc. (NASDAQ: SEDG) also targets residential and general users through selling them inverters and modules, alongside monitoring platforms.

SolarEdge Technologies, Inc. (NASDAQ: SEDG)’s share price closed at $196.12 on September 14th, 2020 and marked for 39.56% yearly growth after closing at $273.84 on September 13th, 2021.