5 Best Green Stocks To Invest In 2024

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1. General Electric Company (NYSE:GE)

Number of Hedge Fund Holders: 92

General Electric Company (NYSE:GE) operates as a high-tech industrial firm across Europe, China, Asia, the Americas, the Middle East, and Africa. The company offers a range of products and services including gas and steam turbines, complete balance of plant solutions, upgrades, and related services. The company also provides integrated solutions for customers by combining onshore and offshore wind, blade manufacturing, grid solutions, hydro, storage, hybrid renewables, and digital services. General Electric Company (NYSE:GE) is one of the best clean energy stocks to buy. 

On January 23, General Electric Company (NYSE:GE) reported a Q4 non-GAAP EPS of $1.03 and a revenue of $19.4 billion, outperforming Wall Street estimates by $0.13 and $1.85 billion, respectively.

According to Insider Monkey’s fourth quarter database, 92 hedge funds were bullish on General Electric Company (NYSE:GE), an increase from 76 funds in the last quarter. Chris Hohn’s TCI Fund Management is the largest position holder in the company, with 41.65 million shares worth $5.32 billion.

Longleaf Partners Fund stated the following regarding General Electric Company (NYSE:GE) in its fourth quarter 2023 investor letter:

“General Electric Company (NYSE:GE) – Industrial conglomerate General Electric (GE) was the top performer for the year. We exited this multi-year investment as its price went above our appraisal. In 1Q23, GE spun out GE Healthcare, which we sold as it traded at our value. The share price continued its strong performance throughout the spring and summer, and we ultimately sold the position in the third quarter when we no longer saw a margin of safety for the business. CEO Larry Culp was a great partner who created significant value for shareholders by reducing leverage, cutting costs, streamlining operations, improving company culture and simplifying the structure with plans to split the company into three businesses. We hope to have the opportunity to partner with him again in the future.”

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