Last week, Candian Solar Inc. (NASDAQ: CSIQ) brought our readers the opportunity to bank 100% gains since we first recommended it.
That’s not surprising, considering the solar sector is heating up. But if you missed that money-doubling opportunity, we’re bringing you another one. Today, we’ll show you another of the best solar stocks to buy with the chance for 100% gains by 2020…
We found the CSIQ opportunity using the Money Morning Stock VQScore™.
Candian Solar had a perfect VQScore of 4.75. The stock traded at a price-to-tangible-book value of just 0.71. At that value, the Board of Directors could have liquidated the company, and the sum of its parts would have fetched more than the company’s market capitalization.
The stock has more than doubled since that recommendation. And we could see even bigger opportunities in solar power if the Trump administration reaches a deal trade deal with Chinese officials in the weeks ahead.
That’s why we’re revealing another of our top solar stocks in the “Buy Zone.”
And it’s got 100% upside too…
The Next Solar Stock to Break Out
That firm is SolarEdge Technologies Inc. (NASDAQ: SEDG), an Israel-based alternative energy giant that sells direct current optimized inverter systems for solar photovoltaic installations. Founded in 2006 by Guy Sella, the company sells products in the United States, Europe, and across the globe.
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The company has expanded through acquisition to become a leading player in the smart energy solutions business. Last July, the firm purchased the assets of Gamatronic and became a supplier of the “uninterruptible power supply system.”
At the end of 2018, the company purchased 75% of a lithium ion cell producer called Kokam. The deal will give SolarEdge greater market share and a more complete portfolio of batteries, energy storage solutions, and lithium-ion cells. That said, the $88 million deal has weighed on the stock in recent weeks. But the agreement will strengthen long-term outlook for the stock.
Plus, SolarEdge is not just following the “buy and build” growth model. During the firm’s fourth-quarter earnings call, CEO Sella’s team noted that year-over-year organic revenue growth popped by 50.6%. Last year, the firm reported annual revenue of $937 million, up from the $607 million it reported in the previous year.
While those are great signs for the stock, this is the reason we’re so bullish on SolarEdge…
Why SolarEdge Could Double in 2019
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