Solar stocks were scorching hot in 2020. The Invesco Solar ETF, an exchange-traded fund (ETF) with 30 solar-focused stocks, soared by more than 230% in 2020. However, as impressive as that was, SolarEdge Technologies’ (NASDAQ: SEDG) stock was even hotter in 2020, as it skyrocketed more than 240%.
That big run probably has investors wondering whether the stock will cool off in 2021. Here’s a look at the case for and against buying SolarEdge Technologies stock right now.