5 Cheap Renewable Energy Stocks to Buy Now

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1. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 91

One-Year Average Price Estimate: $199.16

According to data compiled by CNN Business, 35 analysts have a median price target of $218 for Tesla, Inc. (NASDAQ:TSLA). According to Yahoo Finance, Tesla, Inc. (NASDAQ:TSLA)’s one-year average analyst price estimate is $199.16. Cathie Wood, one of the biggest Tesla, Inc. (NASDAQ:TSLA) bulls, believes the stock could reach $500 by 2026.

Hedge funds are also bullish on Tesla, Inc. (NASDAQ:TSLA). Insider Monkey’s database of 943 hedge funds shows that 91 hedge funds had stakes in Tesla, Inc. (NASDAQ:TSLA). The biggest stakeholder of Tesla, Inc. (NASDAQ:TSLA) was Ken Griffin’s Citadel Investment Group which had a $926 million stake in Tesla, Inc. (NASDAQ:TSLA).

Latest data shows that Tesla, Inc. (NASDAQ:TSLA) sold 88,869 China-made EVs in March, which shows a 35% YoY increase.

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