1 Energy Stock Down 78% That Could Make a Big Comeback

By Travis Hoium – Jan 18, 2024 at 6:08AM

NASDAQ: SEDG

SolarEdge Technologies

Market Cap

$3B

Today's Change

(2.81%) $1.59

Current Price

$58.20

Price as of April 26, 2024, 4:00 p.m. ET

This energy stock has been growing for years but ran into short-term challenges in 2023.

The solar industry has had a rough year, and few companies have been hurt more than SolarEdge (SEDG 2.81%). The company's revenue dropped in the third quarter, and that's expected to continue in the fourth quarter of 2023 and even into 2024.

But there are some bright spots on the horizon, and in this video Travis Hoium outlines how SolarEdge could be set up for a big year.

*Stock prices used were end-of-day prices of Jan. 12, 2024. The video was published on Jan. 16, 2024.

Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Enphase Energy. The Motley Fool recommends SolarEdge Technologies. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.