In this article, we will talk about the 5 biggest green energy companies in the world. If you want to see our detailed analysis of the green energy industry which details the trends, current situation, and future outlook of the industry, you can go directly to the 10 Biggest Green Energy Companies in the World.
5. Plug Power Inc. (NASDAQ:PLUG)
Market Cap: $14.91 Billion
Number of Hedge Fund Holders: 23
Plug Power Inc. (NASDAQ:PLUG) provides hydrogen fuel cell solutions for the mobility, material handling, and stationary power markets in North America and internationally. This January, Susquehanna analyst Biju Perincheril initiated coverage of Plug Power Inc. (NASDAQ:PLUG) and gave the stock a Positive rating and a $26 price target. Moreover, on February 17, 2022, the company announced it will be collaborating with Atlas Copco Mafi-Trench Company LLC, a global leader in brazed heat exchangers and cryogenic cold boxes, to develop hydrogen liquefication plants.
Out of the 924 hedge funds being tracked by Insider Monkey, by the end of the fourth quarter of 2021, 23 hedge funds held stakes in Plug Power Inc. (NASDAQ:PLUG). The total value of these stakes was over $281.98 million. Of these, DE Shaw was the most prominent shareholder in the company, having stakes of roughly $166.17 million. The investment covers 0.13% of DE Shaw’s Q4 2021 investment portfolio.
As of March 23, 2022, Plug Power Inc. (NASDAQ:PLUG) is worth $14.91 billion and has gained 2.48% over the past six months.
4. SolarEdge Technologies, Inc. (NASDAQ:SEDG)
Market Cap: $16.48 Billion
Number of Hedge Fund Holders: 34
SolarEdge Technologies, Inc. (NASDAQ:SEDG) designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations worldwide. The company operates through five segments: Solar, Energy Storage, e-Mobility, Critical Power, and Automation Machines. This February, SolarEdge Technologies, Inc. (NASDAQ:SEDG) reported earnings for Q4 2021. The company reported earnings per share of $1.10 and generated quarterly revenues of $551.92 million, beating expert estimates by $1.96 million.
On March 14, 2022, Piper Sandler analyst Kashy Harrison raised the price target on SolarEdge Technologies, Inc. (NASDAQ:SEDG) to $400 from $388 and maintained an Overweight rating on the shares. The analyst cited that the Ukraine crisis is acting as a catalyst for the increase in demand for alternative fuels and holds a bullish outlook on the renewables industry.
By the close of the fourth quarter of 2021, 34 hedge funds held stakes in SolarEdge Technologies, Inc. (NASDAQ:SEDG), worth roughly $766.59 million. This is compared to 33 positions in the preceding quarter, with stakes worth $594.46 million. The hedge fund sentiment for SolarEdge Technologies, Inc. (NASDAQ:SEDG) is positive.
Impax Asset Management is the dominating shareholder in SolarEdge Technologies, Inc. (NASDAQ:SEDG). The fund’s stakes in the company are worth $210.83 million as of March 17, 2022.
ClearBridge Investments mentioned SolarEdge Technologies, Inc. (NASDAQ:SEDG) in its second-quarter 2021 investor letter. Here’s what the firm said:
“Our sustainability orientation has led us to favor renewable energy providers such as SolarEdge over traditional fossil fuel energy companies. Renewables stocks moved up very strongly over the last several quarters on optimism about huge green stimulus plans in Europe and the U.S. so we took profits and sold SolarEdge Technologies as valuations became demanding.”
3. Brookfield Renewable Partners L.P. (NYSE:BEP)
Market Cap: $19.01 Billion
Number of Hedge Fund Holders: 21
Brookfield Renewable Partners L.P. (NYSE:BEP) runs renewable power generating facilities in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydroelectric, wind, solar, distributed generation, pumped storage, cogeneration, and biomass sources. This January, National Bank analyst Rupert Merer upgraded Brookfield Renewable Partners L.P. (NYSE:BEP) to Outperform from Sector Perform and gave the stock a $38 price target.
Moreover, On January 26, 2022, Brookfield Renewable Partners L.P. (NYSE:BEP) announced that it has acquired clean power developer Urban Grid and its high-quality projects of roughly 13,000 megawatts of utility-scale solar and 7,000 megawatts of energy storage capacity for $650 million.
Insider Monkey identified Brookfield Renewable Partners L.P. (NYSE:BEP) to be a part of 21 hedge fund portfolios at the end of the fourth quarter of 2021. The total stakes of these funds exceeded $234.36 million. This is compared to $145.16 million in the previous quarter, with 17 positions. stock.
As of March 17, 2022, Select Equity Group is the largest shareholder in Brookfield Renewable Partners L.P. (NYSE:BEP). The fund’s stakes in the company were valued at $40.59 million, which accounts for 0.11% of Select Equity Group’s Q4 2021 investment portfolio.
2. Enphase Energy, Inc. (NASDAQ:ENPH)
Market Cap: $24.84 Billion
Number of Hedge Fund Holders: 50
Enphase Energy, Inc. (NASDAQ:ENPH) designs, develops, manufactures, and sells residential energy solutions for the solar photovoltaic industry in the United States and internationally. The fourth quarter of 2021 proved to be a profitable quarter for the company. On February 8, 2022, Enphase Energy, Inc. (NASDAQ:ENPH) reported its earnings for the fiscal fourth quarter of 2021, in which the company outperformed market consensus for both EPS and revenue. The company reported earnings per share of $0.73, beating estimates by $0.14, and generated revenues amounting to $412.72 million, beating estimates by $12.84 million.
This March, Piper Sandler analyst Kashy Harrison raised her price target on Enphase Energy, Inc. (NASDAQ:ENPH) to $237 from $227 and reiterated an Overweight rating on the shares. On March 15, Enphase Energy, Inc. (NASDAQ:ENPH) announced its acquisition of SolarLeadFactory, a company specializing in high-quality leads to solar installers.
Enphase Energy, Inc. (NASDAQ:ENPH) was a part of 50 investment portfolios at the end of the fourth quarter of 2021. The total stakes of these funds equaled roughly $763.28 million. This is compared to $637.78 million in the prior quarter with 52 positions. As of March 23, 2022, Enphase Energy, Inc. (NASDAQ:ENPH) is worth $24.84 billion on the open market and has gained 28.52% over the past twelve months.
DE Shaw upped its stakes in Enphase Energy, Inc. (NASDAQ:ENPH) by 137%. As of March 17, 2022, the fund’s stakes in the company are valued at $182.92 million, which accounts for 0.15% of the fund’s 13F portfolio. DE Shaw is the dominating shareholder in the company.
1. NextEra Energy, Inc. (NYSE:NEE)
Market Cap: $160.55 Billion
Number of Hedge Fund Holders: 55
NextEra Energy, Inc. (NYSE:NEE) generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, coal, and natural gas facilities. On March 7, 2022, KeyBanc analyst Sophie Karp upgraded NextEra Energy, Inc. (NYSE:NEE) to Overweight from Sector Weight and gave the stock an $87 price target.
This January, NextEra Energy, Inc. (NYSE:NEE) reported earnings for the fiscal fourth quarter of 2021. The company reported earnings per share of $0.41, beating estimates by $0.01. The company’s revenue for the quarter came to $5.05 billion, up 14.81% year over year from $4.40 billion. As of March 23, 2022, NextEra Energy, Inc. (NYSE:NEE) is worth $160.55 billion and has gained 13.37% over the past twelve months.
Fisher Asset Management is the most prominent shareholder in NextEra Energy, Inc. (NYSE:NEE) as of March 22, 2022, having stakes worth $1.407 billion in the company. The investment covers 0.78% of Fisher Asset Management’s fourth-quarter 2021 investment portfolio.
In total, 55 hedge funds were bullish on NextEra Energy, Inc. (NYSE:NEE) by the close of the fourth quarter of 2021, having stakes worth $2.61 billion in the company. This is compared to $2.37 billion in the preceding quarter, with 53 positions.
You can also take a look at 10 Best Renewable Energy Stocks to Buy Now and 9 Best Hydrogen Fuel Cell Stocks To Buy.
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