5 Most Promising Clean Energy Stocks According to Analysts

2. Shoals Technologies Group, Inc. (NASDAQ:SHLS)

Latest Analyst Share Price Upside: 62.62%

Shoals Technologies Group, Inc. (NASDAQ:SHLS) is a technology company that sells equipment used in solar power generation systems. The firm had a rocking third quarter as its revenue grew by 48% annually in the time period that also saw its backlog jump by 34% annually.

By the end of this year’s September quarter, 33 out of the 910 hedge funds surveyed by Insider Monkey were the firm’s investors. Shoals Technologies Group, Inc. (NASDAQ:SHLS)’s largest hedge fund shareholder is Todd J. Kantor’s Encompass Capital Advisors as it owns $80.3 million worth of shares.

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