VIDEO Today’s Bull of the Day is a company using two emerging technologies to bring a potent technological package. Blending solar energy with cloud-based solutions, this company is helping to power a smart energy grid for the future. I’m talking about Zacks Rank #1 (Strong Buy) SolarEdge ( SEDG - Free Report) . SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in Israel, Europe, the United States, and internationally. The company’s DC optimized inverter systems include power optimizers, inverters, and cloud-based monitoring software. Its products are used in a range of solar market segments, including residential, commercial, and small utility-scale solar installations. The company sells its products directly to solar installers, as well as engineering, procurement, and construction firms; and indirectly to solar installers through distributors and electrical equipment wholesalers, as well as PV module manufacturers. It's been all about growth for SolarEdge over the last several years. Both on the revenue side and the EPS side of the equation. Revenue growth is set to continue at a 21.98% clip this year. Over the last sixty days, two analysts have increased their earnings estimates for the current year. The bullish moves have increased our Zacks Consensus Estimates from $1.79 to $2.11 for the current year. Next year’s numbers have gone from $1.83 to $2.16. Shares of SolarEdge have been on fire since March when the stock was trading down in the teens. From there, a sharp rally came back to retest the 50-day moving average on a few occasions. The most recent occurred about a week ago, with the stock coming down to $33. An oversold commodity channel index dipped under -200. Since then, the CCI has bounced along with the stock price. If the CCI continues its positive move and crosses over the zero line during tomorrow’s session it would give the bulls a fresh “Buy” signal to trade with.
Today's Stocks from Zacks' Hottest Strategies It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively. And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>