Article By:
Lorimer Wilson
Sunday, November 19, 2023 8:00 PM EDT
After an unsurprising drop at the beginning of the war, the 15 large-cap Israeli- domiciled companies listed on U.S. stock exchanges have bounced back and are now up 1.2%, on average, since Oct.7. Seven of the stocks are now in green numbers.
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I did not list in the Tickers covered portion 3 stocks mentioned in the article with purchase recommendations: AMC Entertainment ($AMC), Intella Theraputics ($NTLA) and SolarEdge Tech. ($SEDG). Please excuse the oversight. All the reports are available free of charge.
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Yes, $SEDG is headquartered in Israel. But they are traded in the US and much of their sales are to the US. Since the US solar market is taking a hit, this stock will be negatively impacted.
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Isn't Solar Edge an Israeli company, not a US one? $SEDG
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Buying renewables last year in November was a great idea. Trump's anti renewable rhetoric is merely playing to the electorate, renewables are the future. $SEDG is a very interesting stock, I'm curious though if they might be hurt by the recent surge in polysilicon prices which are up 35% this year as China has closed several factories producing the substance which is a vital component of PV's. This might hurt their margins in the future as the price of PV's continues to fall.