In this article, we discuss the 5 new stocks to buy in 2021 according to Jos Shaver’s Electron Capital. If you want to read our detailed analysis of Jos Shaver’s history, investment philosophy, and hedge fund performance, go directly to the 10 New Stocks to Buy in 2021 According to Jos Shaver’s Electron Capital.
5. Trane Technologies plc (NYSE:TT)
Electron Capital Partners’ Stake Value: $36.8 million
Percent of Electron Capital Partners’ Portfolio: 1.78%
Number of Hedge Fund Holders: 37
Trane Technologies plc (NYSE:TT) is based in Ireland and is involved in the industrial machinery industry. It designs, manufactures, and sells climate control products for heating, air conditioning, and ventilation.
At the end of the second quarter of 2021, Electron Capital Partners holds 199,969 shares in Trane Technologies plc (NYSE:TT), worth $36.8 million. Trane Technologies plc (NYSE:TT) accounts for 1.78% of the 13F portfolio. With this, Trane Technologies plc (NYSE:TT) ranks seventh on our list of 10 new stocks to buy in 2021 according to Jos Shaver’s Electron Capital.
4. Edison International (NASDAQ:EIX)
Electron Capital Partners’ Stake Value: $40.5 million
Percent of Electron Capital Partners’ Portfolio: 1.96%
Number of Hedge Fund Holders: 18
Edison International (NASDAQ:EIX) is based in California and operates in the utility sector. It generates and distributes electric power to commercial, residential and industrial consumers. The company has a strong base of 15 million customers.
According to the database of Insider Monkey tracking 873 hedge funds in Q2 2021, 18 funds have stakes in Edison International (NASDAQ:EIX), worth $1.38 billion.
3. First Solar Inc. (NASDAQ:FSLR)
Electron Capital Partners’ Stake Value: $40.8 million
Percent of Electron Capital Partners’ Portfolio: 1.97%
Number of Hedge Fund Holders: 31
First Solar, Inc. (NASDAQ:FSLR), headquartered in Arizona, operates in the solar energy industry. It provides photovoltaic solar energy solutions, including modules and systems. The company operates internationally with significant operations in the US, Canada, France, Australia, India, and Japan. It was founded in 1999.
According to the database of Insider Monkey tracking 873 hedge funds in Q2 2021, 31 have stakes in First Solar, Inc. (NASDAQ:FSLR), worth $317 million. This number has increased from 24 in the Q1 of 2021, worth $304 million.
2. Ford Motor Company (NASDAQ:F)
Electron Capital Partners’ Stake Value: $50.14 million
Percent of Electron Capital Partners’ Portfolio: 2.42%
Number of Hedge Fund Holders: 55
According to the database of Insider Monkey tracking 873 hedge funds in Q2 2021, 55 funds have stakes in Ford Motor Company. (NASDAQ:F), worth $2.11 billion. This number has increased from 49 in the Q1 of 2021.
As of the second quarter of 2021, Electron Capital Partners holds 3.37 million shares of the company, worth $50.14 million.
1. The AES Corporation. (NASDAQ:AES)
Electron Capital Partners’ Stake Value: $69 million
Percent of Electron Capital Partners’ Portfolio: 3.34%
Number of Hedge Fund Holders: 39
The AES Corporation. (NASDAQ:AES) is based in Virginia and was incorporated in 1981. The company works in the energy sector producing and delivering power to utilities, industrial users, and other intermediates. It uses various fuels to generate power. Its operations are expanded in the US, Latin America, Central America, and Europe.
On August 6, 2021, Wolfe Research upgraded the rating of The AES Corporation. (NASDAQ:AES) to “Outperform” from “Peer Perform” and set its price target to $29.
According to the database of Insider Monkey tracking 873 hedge funds in Q2 2021, 39 funds have stakes in The AES Corporation. (NASDAQ:AES), worth $1.42 billion.
You can also take a peek at Top 10 Stocks to Buy According to Charles Pollnow’s Triple Frond Partners and 10 Best Safe Dividend Stocks According to Billionaire Dan Loeb.
