Cathie Wood Portfolio: 5 Green Energy Stock Picks

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1. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 60

Tesla, Inc. (NASDAQ:TSLA) has been developing comprehensive clean energy products since its inception, including battery energy storage, solar panels, and solar roof tiles.

Cathie Wood has been bullish on Tesla, Inc. (NASDAQ:TSLA) since the fourth quarter of 2016 when she started building a position in the company with shares worth $4 million. As of Q3, Tesla, Inc. (NASDAQ:TSLA) is the largest holding of ARK Investment Management and accounts for 7.36% of the hedge fund’s 13F portfolio. Recently, UBS raised its price target on Tesla, Inc. (NASDAQ:TSLA) to $1,000, with a Neutral rating on the shares.

As of Q3 2021, 60 hedge funds tracked by Insider Monkey were bullish on Tesla, Inc. (NASDAQ:TSLA), the same as in the previous quarter. These stakes are valued at over $10.6 billion, up from $9.2 billion in Q2.

Baron Funds mentioned Tesla, Inc. (NASDAQ:TSLA) in its Q3 2021 investor letter. Here is what the firm has to say:

Tesla, Inc. designs, manufactures, and sells fully electric vehicles, solar products, energy storage solutions, and battery cells. The stock contributed as Tesla continued to present strong deliveries growth and a meaningful improvement in profitability despite a complex supply-chain environment. Demand remains robust, new localized manufacturing capacity is expected to support more efficient growth, and the autonomous program is accelerating. We expect Tesla’s growing vehicle offering, battery technology, and energy businesses to drive meaningful growth opportunities.”

You can also take a look at 10 Best Stocks to Buy in 2021 According to Cathie Wood and 10 Best Cheap Tech Stocks to Buy According to Cathie Wood

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