5 Best Renewable Energy Stocks To Buy According to Hedge Funds

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1. General Electric Company (NYSE:GE)

Number of Hedge Fund Holders: 76

General Electric Company (NYSE:GE) is an energy company that provides green energy solutions by combining onshore and offshore wind, blade manufacturing, grid solutions, hydro storage, hybrid renewables, and more. It is based in Boston, Massachusetts.

In the third quarter, 76 hedge funds were long General Electric Company (NYSE:GE). Their total stake value was $10.4 billion.

An Overweight rating and a $153 price target were maintained on General Electric Company (NYSE:GE) on January 24 by Julian Mitchell at Barclays.

Longleaf Partners mentioned 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.”

Follow General Electric Co (NYSE:GE)

See also Top 20 Renewable Energy Companies in the World and Top 20 Renewable Energy Companies in USA by Revenue.

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