10 Best Renewable Energy Stocks To Buy According to Hedge Funds

7. Clearway (NYSE:CWEN)  

Number of Hedge Fund Holders: 38  

Market Capitalization as of September 2: $5.69 Billion  

Clearway (NYSE:CWEN) has a diverse portfolio of wind and solar projects along with conventional power generation projects in the United States. Clearway Energy (NYSE:CWEN) has collaborated on projects with Global Infrastructure Partners (GIP), an independent infrastructure investment fund, and TotalEnergies (EPA:TTE), a multinational energy and petroleum to leverage its expertise in renewable energy capabilities in the United States.

The company is working on large-scale renewable energy projects in California such as Luna Valley and Daggett I which are expected to be completed by 2025. The Daggett Storage I Project is a 113.5 MW battery energy storage facility in San Bernardino County which has a 482 MW Daggett Solar + 394 MW Storage complex. Whereas, the Luna Valley Solar Project is a 200 MW solar project located in Fresno County, once completed, can provide enough electricity to power over 80,000 homes. These projects are supported by long-term contracts with investment-grade entities and are projected to deliver substantial earnings for the company.

Clearway’s (NYSE:CWEN) diversified portfolio and strategic focus on renewable energy assets position it well to capitalize on the ongoing trend of global energy transition and offer long-term growth potential. As of September 2, Clearway Energy (NYSE:CWEN) has a market cap of $5.69 billion. The stock is held by 38 hedge funds with stakes worth $139.80 million as of the second quarter. Point72 Asset Management is the largest shareholder in the company and owns stocks worth $25.10 million as of June 30.