10 Best Alternative Fuel Stocks To Buy According to Hedge Funds

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

Number of Hedge Fund Holders: 29

Clearway Energy Inc. (NYSE:CWEN) is a leading renewable energy company operating across the United States. The company operates a portfolio of 6,000 MW of installed renewable energy capacity, which includes a diverse range of wind and solar energy projects. Additionally, Clearway Energy, Inc. (NYSE:CWEN) manages 2.5 GW of natural gas generation facilities.

Clearway Energy Inc. (NYSE:CWEN) is actively pursuing a multi-faceted approach to drive future growth, starting with the strategic expansion of its renewable and storage assets. The company has recently committed to the Pine Forest Solar Plus Storage project, a project that is expected to contribute significantly to the company’s cash flow and earnings. Additionally, on November 25, Clearway Energy Inc. (NYSE:CWEN) announced its agreement to acquire the Tuolumne Wind Project, a 137 MW facility located in Washington State. The project will operate under a new 15-year power purchase agreement (PPA) with Turlock Irrigation District.

Clearway Energy Inc. (NYSE:CWEN) has received an offer for Phase 1 of the Honeycomb battery hybridization program, which, if approved, will further enhance the company’s position in the storage market. The company is also selectively engaging in M&A opportunities that are right-sized and complementary to its fleet, focusing on assets that offer accretive returns and align with its underwriting requirements.