SolarEdge Technologies (NASDAQ:SEDG)

Until Covid struck in 2020 this company was growing at 50% per year. Now a backlog is waiting to be realised and the company is ready to pick uo its growth rate from before the lockdown. It is trading a a price to sales ratio of 9, which is well below what one should expect for a company with such growth potential. And although growth at 50% cannot be sustained for any company for many years in a row, it is clear that this comany is operating in an indyustry that should expect tailwind for many years to come. The Biden administration strongly supports the renewable energy transormation and Solaredge has only one serious competitor (Enphase) for its most important product (optiimizers). It has a long runway ahead of it and I would expect this stock to outperform over the next few years and to continue to perform strongly for a much longer term.

Enphase is a similarly good investestment, by the way. Solaredge trades at a price-to-sales multiple half of Enphases, which appears to be related to some quality (and potential recall) issues for Solaredge's newest product line. This implies additional risk and may cause Solaredge to underperform in the near term, but once these teething problems are sorted, the upward for Solaredge investors can be higher. If you have the money for it, I would invest in both. Double digit growth for the next ten years is the most likely scenario.