5 Cheap Renewable Energy Stocks to Buy Now

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In this article, we will take a look at the 5 cheap renewable energy stocks to buy now. To see more such companies, go directly to 10 Cheap Renewable Energy Stocks to Buy Now.

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

Number of Hedge Fund Holders: 43

One-Year Average Price Estimate: $366.99

Israel-based SolarEdge Technologies, Inc. (NASDAQ:SEDG) ranks 5th in our list of cheap renewable energy stocks according to analysts. SolarEdge Technologies, Inc. (NASDAQ:SEDG) sells solar inverters for photovoltaic arrays.

In February, SolarEdge Technologies, Inc. (NASDAQ:SEDG) posted upbeat Q4 results. Adjusted EPS in the period came in at $2.86, beating estimates by $1.27. Revenue in the quarter jumped 61.4% year over year to reach $890 million, beating estimates by $11.64 million.

SolarEdge Technologies, Inc. (NASDAQ:SEDG) said its revenue from the solar segment was $837.0 million, a record.

Out of the 943 hedge funds tracked by Insider Monkey, 43 hedge funds had stakes in t SolarEdge Technologies, Inc. (NASDAQ:SEDG). The total worth of these stakes was $1.3 billion. The most significant hedge fund stakeholder of SolarEdge Technologies, Inc. (NASDAQ:SEDG) was Richard Mashaal’s Rima Senvest Management which has a $215 million stake in the company.

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