5 Best Clean Energy Stocks to Buy Now

3. Solaredge Technologies, Inc. (NASDAQ:SEDG)

No of HFs: 31

Total Value of HF Holdings: $553 Million

SEDG ranks as the third-best clean energy stock to buy now. The company is known for the design, development, and marketing of direct current optimized inverter systems for solar photovoltaic installations worldwide. During the third quarter of 2020, the company reported revenue of $338.1 million. Zivi Lando, CEO of SolarEdge said,

“Our third quarter results reflect significant growth in Europe, despite the current economic slowdown caused by the global pandemic. Our solar business outside the U.S. reached an all-time high and the U.S. market is showing signs of return to pre-pandemic installation levels. In our non-solar business, our e-Mobility team is gearing up to deliver to our customer the first significant batch of full powertrain solutions for assembly in electric vehicles in the fourth quarter. In addition to continuing to generate significant cash from operations this quarter, we raised $618 million, net of expenses, in convertible debt providing additional support for our continued organic and non-organic growth.”