Analysts Are Recommending These 5 Green Energy Stocks for the Future

2. General Electric Company (NYSE:GE)

Number of Hedge Fund Holders: 57    

General Electric Company (NYSE:GE) is a high-tech industrial firm. On February 18, Wolfe Research analyst Nigel Coe maintained an Outperform rating on the stock with a price target of $127, noting that the cautious first quarter commentary of the firm in a recent newsletter did not threaten the overall earnings outlook. 

Hedge funds have been loading up on General Electric Company (NYSE:GE). At the end of the fourth quarter of 2021, 57 hedge funds in the database of Insider Monkey held stakes worth $6.26 billion in General Electric Company (NYSE:GE), up from 53 in the previous quarter worth $6.24 billion.

In its Q1 2021 investor letter, Vulcan Value Partners, an asset management firm, highlighted a few stocks and General Electric Company (NYSE:GE) was one of them. Here is what the fund said:

“General Electric is outperforming our expectations for 2021 as the economic recovery is occurring faster than expected. We are particularly pleased with its free cash flow generation. We are happy to own it in our portfolio.”