10 Best Climate Change Stocks to Buy Now

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

Number of Hedge Fund Holders: 32

Clearway Energy, Inc. (NYSE:CWEN) is a prominent player in the renewable energy sector, focusing on the ownership and operation of clean energy generation facilities across the United States. The company’s diversified portfolio includes wind, solar, and natural gas-fired power plants, positioning it strategically to capitalize on the growing demand for sustainable energy solutions. It is among the best climate change stocks to invest in.

In the fourth quarter of 2024, Clearway Energy, Inc. (NYSE:CWEN) reported a net loss of $48 million. However, the company’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at $228 million, with cash from operating activities totaling $55 million. It exceeded its 2024 financial goals and committed approximately $450 million to growth investments during the year, underscoring its dedication to expanding its renewable energy footprint.

A significant development for Clearway Energy, Inc. (NYSE:CWEN) was the signing of a binding agreement to acquire a 137 MW wind portfolio, with the transaction expected to close in the first quarter of 2025. This acquisition aligns with the company’s strategy to enhance its renewable energy capacity and is anticipated to contribute positively to its 2025 financial results.

On March 26th, Deutsche Bank Aktiengesellschaft issued a “Buy” rating for the stock, setting a price target of $38.00. This target suggests a potential upside of 27.41% from its current trading price.