Israel Stock Ideas

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SolarEdge Technologies - >>> SolarEdge Technologies develops and manufactures an optimized inverter system. The component maximizes the power produced by solar panels, helping to lower the cost of energy generated by the system. Like First Solar, SolarEdge Technologies should benefit from the accelerating growth of solar energy worldwide.


https://www.fool.com/investing/stock-market/market-sectors/energy/renewable-energy-stocks/


The company has also started to leverage its expertise in inverters to create other smart energy solutions. It has expanded its offerings by making a series of acquisitions to gain technology, expertise, and products that address several energy market segments, including solar, storage, electric vehicle charging, batteries, uninterruptible power supplies (UPS), electric vehicle powertrains, and grid services solutions.

SolarEdge Technologies has been able to expand further into smart energy solutions, thanks in part to its strong financial profile. The company’s core inverter business is profitable and generates lots of cash. It had almost $1 billion of net cash in 2022, giving it the flexibility to continue expanding to further capitalize on the decarbonization megatrend.

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