5 Biggest Green Energy Companies in the World

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

Market Cap: $16.48 Billion

Number of Hedge Fund Holders: 34 

SolarEdge Technologies, Inc. (NASDAQ:SEDG) designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations worldwide. The company operates through five segments: Solar, Energy Storage, e-Mobility, Critical Power, and Automation Machines. This February, SolarEdge Technologies, Inc. (NASDAQ:SEDG) reported earnings for Q4 2021. The company reported earnings per share of $1.10 and generated quarterly revenues of $551.92 million, beating expert estimates by $1.96 million.

On March 14, 2022, Piper Sandler analyst Kashy Harrison raised the price target on SolarEdge Technologies, Inc. (NASDAQ:SEDG) to $400 from $388 and maintained an Overweight rating on the shares. The analyst cited that the Ukraine crisis is acting as a catalyst for the increase in demand for alternative fuels and holds a bullish outlook on the renewables industry.

By the close of the fourth quarter of 2021, 34 hedge funds held stakes in SolarEdge Technologies, Inc. (NASDAQ:SEDG), worth roughly $766.59 million. This is compared to 33 positions in the preceding quarter, with stakes worth $594.46 million. The hedge fund sentiment for SolarEdge Technologies, Inc. (NASDAQ:SEDG) is positive.

Impax Asset Management is the dominating shareholder in SolarEdge Technologies, Inc. (NASDAQ:SEDG). The fund’s stakes in the company are worth $210.83 million as of March 17, 2022.

ClearBridge Investments mentioned SolarEdge Technologies, Inc. (NASDAQ:SEDG) in its second-quarter 2021 investor letter. Here’s what the firm said:

“Our sustainability orientation has led us to favor renewable energy providers such as SolarEdge over traditional fossil fuel energy companies. Renewables stocks moved up very strongly over the last several quarters on optimism about huge green stimulus plans in Europe and the U.S. so we took profits and sold SolarEdge Technologies as valuations became demanding.”