5 High Growth International Stocks to Buy

In this article, we discuss 5 high growth international stocks to buy. If you want to see more stocks in this selection, check out 11 High Growth International Stocks to Buy. 

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

Number of Hedge Fund Holders: 43

Quarterly Revenue Growth YoY as of December 30, 2022: 61.40%

SolarEdge Technologies, Inc. (NASDAQ:SEDG) was incorporated in 2006 and is headquartered in Herzliya, Israel. The company designs, develops, and markets direct current optimized inverter systems for solar photovoltaic installations worldwide. It is one of the top high growth international stocks to invest in. On February 13, SolarEdge Technologies, Inc. (NASDAQ:SEDG) reported a Q4 non-GAAP EPS of $2.86 and a revenue of $890.7 million, outperforming Wall Street estimates by $1.27 and $11.64 million, respectively. 

On February 15, Wells Fargo analyst Michael Blum raised the firm’s price target on SolarEdge Technologies, Inc. (NASDAQ:SEDG) to $374 from $367 and reiterated an Overweight rating on the shares following the Q4 results and Q1 guidance that topped expectations. Europe strength is anticipated to offset U.S. weakness, the firm noted, adding that battery shipments will experience supply chain constraints in the short-term.

According to Insider Monkey’s Q4 data, 43 hedge funds were long SolarEdge Technologies, Inc. (NASDAQ:SEDG), compared to 44 funds in the prior quarter. Richard Mashaal’s Rima Senvest Management is the largest stakeholder of the company, with 759,071 shares worth $215 million. 

Here is what ClearBridge International Growth EAFE Portfolio has to say about SolarEdge Technologies, Inc. (NASDAQ:SEDG) in its Q2 2022 investor letter:

“We are well-positioned to participate in the accelerating energy transition. High and rising utility costs combined with policy support are driving increased penetration of home solar plus storage systems in Europe. Israel-based SolarEdge Technologies (NASDAQ:SEDG) expects to see significant growth in solar installations in this market led by Germany and Italy, among others, where consumers are not only demanding solar on the roof but a complete system solution including batteries. This phenomenon is accelerating revenue growth for these companies.”