The stock market might be on the cusp of a prolonged decline, especially if COVID-19 continues to spread and causes increased damage to the economy.
However, there are some companies that will continue to trend upwards, even amidst lengthy political and social uncertainty. These are solar companies that are so promising that they should buck the market trend and continue to ascend regardless of extraneous factors.
Let’s take a look at four solar stocks…
likely to maintain bull runs regardless of the state of a seemingly uncertain economy, government, and overarching society amidst the pandemic: SolarEdge Technologies (SEDG), Enphase Energy (ENPH), Sunrun (RUN), and Vivint Solar (VSLR).
SolarEdge Technologies (SEDG)
Solar stocks have been blazing hot in recent months. However, selecting the cream of the crop is challenging, considering the sheer number of publicly-traded solar companies. SEDG appears to have a particularly bright future. SEDG offers inverter solutions, power optimizers, and a high-tech monitoring platform that functions with the cloud. SEDG provides residential solar installations as well as solar installations for commercial enterprises.
This renewable energy powerhouse has operations throughout the United States and Europe, providing affordable solar solutions to both companies and individuals. The company’s revenue has soared an average of 45% each year since 2015.
SEDG has “A” grades in the Buy & Hold and Trade components of the POWR Ratings, a “B” for Industry Rank, and a top-ranking in the Solar industry. Though SEDG is only a couple dollars away from its 52-week high of $265.42, it just might blast right on past this benchmark and continue to ascend.
Enphase Energy (ENPH)
Another solar industry superstar, ENPH, creates and sells solar solutions for residences. These solutions connect the generation, storage, and control of energy through a single, smart platform. The company’s primary products are microinverters. ENPH ships more than a couple million microinverters every year. Furthermore, ENPH’s solar systems have been deployed in more than 130 countries.
ENPH POWR Ratings are nearly perfect: “A” grades in Trade Grade and Buy & Hold Grade and “B” grades in the remaining components. ENPH is ranked in the top two out of 14 businesses in the Solar industry Of the 15 analysts who have studied ENPH, nine insist it is a “Buy”, six advise holding, and none advise selling.
J.P. Morgan analysts recently increased their ENPH price target by…
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