Analysts Are Recommending These 5 Green Energy Stocks for the Future

In this article, we discuss the 5 green energy stocks that analysts are recommending for the future. If you want to read our detailed analysis of these stocks, go directly to Analysts Are Recommending These 10 Green Energy Stocks for the Future. 

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

Number of Hedge Fund Holders: 34  

SolarEdge Technologies, Inc. (NASDAQ:SEDG) markets semiconductor equipment to the solar industry. Major hedge funds hold bullish positions on the firm. Among the hedge funds being tracked by Insider Monkey, London-based investment firm Impax Asset Management is a leading shareholder in SolarEdge Technologies, Inc. (NASDAQ:SEDG) with 754,007 shares worth more than $210 million. 

On February 17, Citi analyst JB Lowe maintained a Buy rating on SolarEdge Technologies, Inc. (NASDAQ:SEDG) stock and raised the price target to $320 from $310, noting that the firm was poised to grow in the commercial solar business in 2022. 

In its Q2 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and SolarEdge Technologies, Inc. (NASDAQ:SEDG) was one of them. Here is what the fund said:

“Our sustainability orientation has led us to favor renewable energy providers such as SolarEdge Technologies, Inc. (NASDAQ:SEDG) 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, Inc. (NASDAQ:SEDG) as valuations became demanding.”