5 Best Solar Energy Stocks To Invest In Heading Into 2024

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

Number of Hedge Fund Investors in Q2 2023: 50

Enphase Energy, Inc. (NASDAQ:ENPH) is one of the largest solar companies in the U.S. It provides micro inverters, batteries, and other solar power products. Even as investor sentiment around the solar industry becomes cautious, Enphase Energy, Inc. (NASDAQ:ENPH) has been performing well financially as it has beaten analyst EPS estimates in all four of its latest quarters.

Insider Monkey dug through 910 hedge funds for their shareholdings during 2023’s second quarter to find that 43 had invested in the company. Enphase Energy, Inc. (NASDAQ:ENPH)’s largest hedge fund investor is Philippe Laffont’s Coatue Management since it owns $102 million worth of shares.

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