These Top 10 renewal energy stocks started the week strong, moving higher into the close. SolarEdge Technologies (SEDG) earns the No. 1 ranking among solar stocks, trading higher again this morning (+1.20) in the morning session. The stock is on IBD’s latest list of top mutual fund buys. Fidelity, in addition to more than 50 funds with an IBD A+ rating have reported owning SolarEdge shares in the most recent reporting period.
SEDG also sports a 99 Composite Rating signifying SolarEdge stock is outperforming 99% of all stocks as ranked by IBD.
Funds Top Pick – SolarEdge
SEDG has come back to all-time highs, mustering a gain of more than 120% from its March lows. In addition to top mutual fund support, SolarEdge’s exceptional earnings and sales growth elevates the company to the top pick category. SolarEdge has annual EPS growth averaging better than 80%.
The company is a global leader in smart energy technology, changing the ways in which power is harvested and managed in photovoltaic (PV) systems. Since it began shipping in 2010, SolarEdge has shipped 1.5 million inverters and over 45 million power optimizers. – source IBD
The company has zero debt and exceptional EBITDA numbers.
SEDG stock is performing well. recently completing a cup and handle the continuation pattern. We are watching for volume to pick up.
Here are some additional stocks from the group
|Sunnova Energy International Inc.
|Ballard Power Systems, Inc.
|SolarEdge Technologies, Inc.
|FuelCell Energy, Inc.
|Enphase Energy Inc.
|Vestas Wind Systems
|TPI Composites, Inc.
Join us today in the trading room for our LIVESTREAM broadcast
during market hours, as we navigate the current environment and trade these renewable energy stock candidates. Watch, listen, and trade from 9:20 AM to 4:15 PM Monday through Friday.
Want to become a member? Check details here:
Disclaimer: Do your Own Research
Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional investment advisor in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. Trades and or positions listed and taken from the watchlist are my own and should not be considered “advice” to enter any particular position or asset.
We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.
Live broadcasts are educational in their content. Proper risk management is considered on every trade or asset mentioned.
*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities.
As always, the use of technical and fundamental analysis is encouraged in order to fine-tune entry and exit points to average seasonal trends.
These mentions are stocks that we may or may not decide to trade as outlined in the watchlist. Always use a stop.
Disclosure: As an #ibdpartner, that means my use of investors business daily suite of services is complimentary. I also receive compensation from the company for my technical analysis services.