5 Best Solar Energy Stocks To Invest In Heading Into 2024

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

Number of Hedge Fund Investors in Q2 2023: 43

SolarEdge Technologies, Inc. (NASDAQ:SEDG) is a backend solar power firm that sells inverters and other associated products. The firm’s shares are rated Buy on average, and analysts have priced in a rather sizeable upside of $156 based on the average share price target of $276.

During this year’s June quarter, 43 hedge funds among the 910 surveyed by Insider Monkey were SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s shareholders. D. E. Shaw’s D E Shaw is the biggest shareholder among these due to its $404 million investment.

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