11 Best Solar Energy Stocks to Buy According to Hedge Funds

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

No. of Hedge Fund Holders: 32

Next on our list of the Best Solar Energy Stocks is Clearway Energy, Inc. (NYSE:CWEN), a leading integrated clean energy company with the 5th largest renewable operating fleet in the US. The company’s portfolio comprises approximately 11.8 GW of gross capacity in 26 states, including approximately 9 GW of wind, solar, and battery energy storage systems.

Clearway Energy, Inc. (NYSE:CWEN) had a tough Q4 2024 as its revenue of $256 million fell below estimates by $43.73 million, despite a slight uptick from the year before. The company’s adjusted EPS of $0.03 also missed expectations by $0.3. That said, CWEN continues to expand and is committed to approximately $450 million of new long-term corporate capital investments in 2024, while bringing online over 1 GW of renewable power generation and energy storage capacity. The company reported Cash Available for Distribution (CAFD) of $425 million at the end of FY, exceeding its guidance of $395 million. Moreover, Clearway remains committed to its shareholders, raising its dividend by 1.7% to $0.424 and with expectations to annually increase its dividend by 5% to 8% in the coming years.

It was revealed this month that Clearway Energy, Inc. (NYSE:CWEN) has struck an equity deal with AIP Management for a 300MWac solar PV and 200MW/400MWh battery energy storage system (BESS) project in Texas. AIP will acquire a 49.99% equity stake in the project from Clearway with a total investment of approximately $200 million.