5 Oversold Growth Stocks To Buy

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

Latest 14 Day RSI Reading: 18.39

Latest Trailing P/E Ratio: 54.36

SolarEdge Technologies, Inc. (NASDAQ:SEDG) provides power management systems for solar power systems. While it beat analyst EPS estimates for Q2 2023, the stock nevertheless dropped as it issued weak guidance for the current quarter.

Insider Monkey dug through 943 hedge funds for their first quarter of 2023 shareholdings and found out that 42 had held a stake in the firm. D. E. Shaw’s D E Shaw is SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s largest shareholder with an investment that is worth $272 million.

Follow Solaredge Technologies Inc. (NASDAQ:SEDG)