5 Companies That Will Benefit From Global Warming

2. Enphase Energy Inc (NASDAQ: ENPH)

California-based Enphase Energy is one of the largest solar companies in the U.S., with a market cap of about $22 billion. The company sells software-driven home energy solutions. The company has shipped about 20 million solar microinverters in North America, Europe and Australia.

Enphase shares rallied recently after Goldman Sachs upped the stock to Buy from Neutral with a $232 price target.

Overall, 42 hedge funds tracked by Insider Monkey were bullish on Enphase Energy at the end of the third quarter. The net value of the stakes these funds had in the company is $1.04 billion.

Read: Was The Smart Money Right About Crowding Into Enphase Energy Inc (ENPH)?