5 Best Clean Energy Stocks To Buy According to Billionaires

In this piece, we will take a look at the five best clean energy stocks to buy according to billionaires. For a deeper dive into the clean energy industry and the latest developments, take a look at 12 Best Clean Energy Stocks To Buy According to Billionaires.

5. SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Number of Billionaire Investors In Q3 2023: 9

SolarEdge Technologies, Inc. (NASDAQ:SEDG) is a backend solar power company that sells inverters that are used in solar power systems. December started with some disappointing news for the firm’s shareholders as SolarEdge Technologies, Inc. (NASDAQ:SEDG) was removed from the S&P500 index and placed in the S&P SmallCap 600 index instead.

During September 2023, 27 out of the 910 hedge funds surveyed by Insider Monkey had bought SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s shares. Ian Simm’s Impax Asset Management was the firm’s biggest investor due to its $121 million stake.

4. Avangrid, Inc. (NYSE:AGR)

Number of Billionaire Investors In Q3 2023: 10

Avangrid, Inc. (NYSE:AGR) is an American utility company that generates electricity from solar, biomass, and natural gas. It announced in December it had installed the first five wind turbines from a planned 806 megawatt wind power generation site.

As of Q3 2023, 19 out of the 910 hedge funds part of Insider Monkey’s research had held a stake in the company. Avangrid, Inc. (NYSE:AGR)’s largest hedge fund shareholder is Cliff Asness’ AQR Capital Management as it owns $26.5 million worth of shares.

3. Sunrun Inc. (NASDAQ:RUN)

Number of Billionaire Investors In Q3 2023: 10

Sunrun Inc. (NASDAQ:RUN) is an American firm that designs and sells solar power systems for residential use. Its shares are rated Buy on average, and analysts have set an average share price target of $20.14.

Insider Monkey took a look at 910 hedge funds for their third quarter of 2023 shareholdings and found 26 Sunrun Inc. (NASDAQ:RUN) shareholders. Among these, the biggest stakeholder was William B. Gray’s Orbis Investment Management courtesy of its $175 million investment.

2. Enphase Energy, Inc. (NASDAQ:ENPH)

Number of Billionaire Investors In Q3 2023: 10

Enphase Energy, Inc. (NASDAQ:ENPH) is a solar power hardware company whose products enable residential solar power systems to operate efficiently. It’s been doing quite well on the financial front lately, by having beaten analyst EPS estimates in all four of its latest quarters.

By the end of this year’s third quarter, 40 out of the 910 hedge funds profiled by Insider Monkey had owned the firm’s shares. Enphase Energy, Inc. (NASDAQ:ENPH)’s largest hedge fund investor is Bruce Emery’s Greenvale Capital as it owns 995,000 shares that are worth $117 million.

1. First Solar, Inc. (NASDAQ:FSLR)

Number of Billionaire Investors In Q3 2023: 11

First Solar, Inc. (NASDAQ:FSLR) is an American company that makes and sells solar panels for use in industrial and similar use cases. Morgan Stanley injected fresh life into its shares in December 2023 after it upgraded them to Overweight and increased the share price target to $234 from $214. The stock currently trades for $146 and has been flat year to date.

During Q3 2023, 49 out of the 910 hedge funds surveyed by Insider Monkey had invested in First Solar, Inc. (NASDAQ:FSLR). Robert Poghy’s Samlyn Capital was the biggest shareholder as it owned $239 million worth of shares.

Disclosure: None. You can also take a look at 10 Best Ray Dalio Stocks Other Billionaires Are Also Piling Into and Little Known $4 Billion Hedge Fund’s Leveraged Bets on US Stocks.

Follow Insider Monkey on Twitter