Shopify and SolarEdge Positioned for Double-Digit Returns Despite Near-Term Headwinds
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Shopify and SolarEdge are growth stocks with potential for 200% returns by 2028 due to their leadership in growing markets and discounted valuations.
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Shopify powers over 10% of US e-commerce and has opportunity in expanding wholesale market 4x larger than retail.
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SolarEdge is a top inverter manufacturer with growth potential in solar, energy storage, and electric vehicle charging.
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Both companies recently posted strong Q2 results but near-term demand outlook is tempered by high interest rates and excess inventory.
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Inflation Reduction Act's extension of solar tax credits through 2032 provides tailwind for inevitable growth of renewable energy over the long-term.