Top 5 Undervalued Tech Stocks According to Wall Street Analysts

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

Share Price Upside: 76.05%

SolarEdge Technologies, Inc. (NASDAQ:SEDG) is an Israeli solar technology company based in Herzliya. It provides a variety of different products such as solar inverters, optimizers, and energy management systems. The firm had a strong second quarter, as it managed to beat analyst EPS estimates. The stock is rated Buy on average, and Truist, Bank of America, and Goldman Sachs reiterated Buy ratings for the shares in August.

As of March 2023, 14 of the 943 hedge funds polled by Insider Monkey had held a stake in the company. Out of these, SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s largest investor is D. E. Shaw’s D E Shaw since it owns 895,709 shares that are worth $272 million.

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