5 Best Clean Energy Stocks to Buy Today

1. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 60

Topping the list of the 9 best clean energy stocks to buy today is Tesla, Inc. (NASDAQ:TSLA). Aside from manufacturing electric vehicles, Tesla, Inc. (NASDAQ:TSLA) is gaining momentum in the photovoltaic systems market. Tesla, Inc. (NASDAQ:TSLA) reported $801 million in sales from its energy and storage division in the second quarter of 2021, up 62% from the previous quarter and grew more than 116% year over year. In comparison to the previous year, the total deployment of energy storage and solar energy in Q2 2021 increased by 205% and 215%, respectively.

On September 17, Wedbush analyst Daniel Ives kept an Outperform rating on Tesla, Inc. (NASDAQ:TSLA) with a price target of $1,000 per share. 

Tesla, Inc. (NASDAQ:TSLA) released a software update on September 24 that allows customers to gain access to the Full Self-Driving Beta (FSD beta) program, which the company sells in the United States for $10,000 upfront or $199 per month.

The company has a market cap of $753 billion. In the second quarter of 2021, Tesla, Inc. (NASDAQ:TSLA) reported an EPS of $1.45, beating estimates by $0.47. The company’s revenue in the quarter came in at $11.96 billion, an increase of 98% year over year, and beat revenue estimates by $559.33 million.

At the end of the second quarter of 2021, 60 hedge funds in the database of Insider Monkey held stakes worth $9.29 billion in Tesla, Inc. (NASDAQ:TSLA), down from 62 hedge funds in the previous quarter worth $10 billion.

You can also take a peek at Why These 10 Stocks Were in the Spotlight This Week and Hedge Funds are Selling Microsoft (MSFT) and Buying These 10 Tech Stocks Instead.

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