Is SolarEdge Technologies Stock a Buy?

With an impressive average revenue growth of 45% since its IPO, SolarEdge Technologies (NASDAQ: SEDG) sure looks a promising stock in the solar energy space. An ever-increasing focus on cleaner and renewable sources of energy globally makes solar companies attractive. Unlike oil and gas, solar companies have significant long-term growth prospects. However, is the expected growth already priced in SolarEdge stock?

SolarEdge's optimized inverter solutions aim to maximize power generation from a photovoltaic system, while lowering energy costs. The company's inverters and products are sold in more than 100 countries globally. SolarEdge has a strong position in the inverters and optimizers segment. The company is expanding its offerings in the energy storage systems, electric vehicle components, and uninterrupted power supply, or UPS, solutions.

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Source Fool.com