5 Best Wind Power and Solar Stocks To Buy

2. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 88

Tesla, Inc. (NASDAQ:TSLA) is the world’s largest electric vehicle company. While it is commonly thought of as a car maker, the firm is in reality a diversified renewable energy provider as it also sells solar panels and storage systems. The company is headquartered in Austin, Texas.

Tesla, Inc. (NASDAQ:TSLA)’s latest quarter saw the company grow its solar deployments to 94 megawatts for a 13% annual growth. The growth was fueled by residential power projects. During the same quarter, Tesla, Inc. (NASDAQ:TSLA)’s energy storage platforms grew to a whopping 2.1 gigawatts, for a new record that saw the company continue to face higher demand than it can supply.

88 out of the 920 hedge funds part of Insider Monkey’s Q3 2022 survey had bought Tesla, Inc. (NASDAQ:TSLA)’s shares.

Tesla, Inc. (NASDAQ:TSLA)’s largest investor is Catherine D. Wood’s ARK Investment Management which owns four million shares that are worth $1 billion.

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