10 Best Alternative Energy Stocks To Buy According to Hedge Funds

7. Clearway Energy, Inc. (NYSE:CWEN)  

Number of Hedge Fund Holders: 38  

Clearway Energy, Inc. (NYSE:CWEN) owns a diversified portfolio of wind, solar, and traditional power generation projects across the United States. The company has partnered with Global Infrastructure Partners (GIP), an independent infrastructure investment fund, and TotalEnergies (EPA:TTE), a multinational energy and petroleum company, to leverage expertise in alternative energy within the U.S. market.

On October 2, Clearway Energy, Inc. (NYSE:CWEN) announced that it has secured financing and initiated construction for two standalone solar and energy storage projects in Hopkins County, Texas. These projects, the 300-MW Pine Forest Solar and 200-MW Pine Forest Storage installations, represent a $665 million investment to boost alternative energy production in Texas. Dell Technologies has committed to a long-term virtual power purchase agreement to buy a substantial portion of the solar energy produced, supporting its climate goals. Universal Corp., an agricultural products supply company, has also contracted to purchase some of the project’s solar power output. Clearway Energy, Inc. (NYSE:CWEN) expects the Pine Forest projects to reach commercial operation by 2025. The company is also in discussions with corporate entities for the transfer of clean energy tax credits tied to the projects.

Clearway Energy, Inc. (NYSE:CWEN) is developing several large-scale alternative energy projects in California, including the Luna Valley and Daggett I projects, both slated for completion by 2025. The Daggett Storage I Project, located in San Bernardino County, includes a 113.5 MW battery storage facility, part of a broader 482 MW solar and 394 MW storage complex. Meanwhile, the Luna Valley Solar Project, based in Fresno County, is a 200 MW solar facility that will generate enough electricity to power over 80,000 homes. These projects are supported by long-term contracts with investment-grade entities, ensuring steady revenue and significant earnings potential for the company.