10 Best Solar Energy Stocks To Buy Now

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

Number of Hedge Fund Investors: 29

Clearway Energy, Inc. (NYSE:CWEN) is a renewable energy company that develops, owns, and operates renewable energy generation facilities. The company’s portfolio comprises 11.4 GW of gross generating capacity in 26 states, including 9 GW of wind, solar, and battery energy storage assets.

Clearway Energy, Inc. (NYSE:CWEN) is making significant strides in expanding its solar business, as evidenced by its recent investment in the Pine Forest Solar and Storage Project. This project is located in the fast-growing ERCOT (Electric Reliability Council of Texas) power market and represents a strategic addition to the company’s portfolio. The solar capacity of the Pine Forest project is fully contracted for an average of approximately 20 years, with the majority of the contracts secured with leading information technology companies.

These long-term agreements ensure stable and predictable revenue streams, which are crucial for the company’s financial health and growth. Furthermore, the project’s battery storage capabilities will complement Clearway Energy, Inc.’s (NYSE:CWEN) existing assets in ERCOT and enhance the company’s ability to manage energy supply and demand efficiently.