In this article, we are going to discuss the 10 best clean energy stocks to buy right now.
The Energy Information Administration presented its latest Short-Term Energy Outlook on May 12. According to the agency, US power demand will rise from a record 4,195 billion kWh in 2025 to 4,248 billion kWh in 2026, and then to 4,379 billion kWh in 2027. The soaring demand is primarily driven by the proliferation of data centers dedicated to AI and cryptocurrency, as well as the widespread electrification of homes and businesses.
Meeting such a strong power demand sustainably requires continued investments in clean, cheap, reliable, and renewable sources of power. The EIA forecasts the country’s percentage of renewable generation to rise from around 24% in 2025 to 25% in 2026 and 27% in 2027. As this renewable output grows, the agency expects the share of power generation from coal to slide from 17% in 2025 to 16% in 2026 and then 15% in 2027.
Clean energy continues its dominance also on the global scale and is now in the process of overtaking generation from coal, after virtually drawing level with it last year. The International Energy Agency expects the global renewable power capacity to surge by almost 4,600 GW between 2025 and 2030, with most of this growth coming from utility-scale and distributed solar PV.
The rapid progress of renewable energy is also reflected by the outperformance of the S&P Global Clean Energy Transition Index, which measures the performance of companies in global clean energy-related businesses from both developed and emerging markets. The index has surged by almost 28% since the beginning of 2026, compared to gains of just over 8% delivered by the overall S&P 500 during the period.
With that said, here are the Best Clean Energy Stocks to Invest in.
Our Methodology
To collect data for this article, we used our stock screeners to identify clean energy stocks with the highest number of hedge fund holders at the end of Q4 2025, as per the Insider Monkey database. We then limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. The following are the Best Clean Energy Stocks to Buy According to Hedge Funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
10. Plug Power Inc. (NASDAQ:PLUG)
Number of Hedge Fund Holders: 29
Plug Power Inc. (NASDAQ:PLUG) is a global leader in hydrogen fuel-supply solutions and in hydrogen applications for material handling, power generation, and e-mobility.
On May 12, B. Riley boosted its price target on Plug Power Inc. from $4 to $5, while maintaining a ‘Buy’ rating on the shares. The revised target reflects an upside of more than 27% from the current levels.
The move comes after Plug Power Inc.’s revenue comfortably beat Wall Street estimates in its Q1 2026 report on May 11. Gross margin also improved substantially YoY, increasing from -55% to -13%, supported by the cost-cutting measures under the company’s “Project Quantum Leap” initiative.
Moreover, Plug Power Inc. is forecasting a 13% to 15% sales growth for full-year 2026, while the margin rate is also expected to continue to improve sequentially. The company also hinted toward positive EBITDAS in Q4, supported by the stronger second-half seasonality, tighter operational discipline, and expected proceeds from planned asset monetization.
9. Fluence Energy, Inc. (NASDAQ:FLNC)
Number of Hedge Fund Holders: 33
Fluence Energy, Inc. (NASDAQ:FLNC) is a global market leader in energy storage products and services, and cloud-based software for renewables and storage assets.
On May 13, Citi raised its price target on Fluence Energy, Inc. from $15 to $26, but maintained its ‘Neutral’ rating on the shares. The target boost indicates an upside of over 25% from the current price level.
Fluence Energy, Inc. reported mixed results for its Q2 2026 on May 6, with the company’s loss of $0.12 per share exceeding estimates by $0.06. However, its revenue of almost $465 million fell behind expectations by over $157 million, despite a YoY growth of 7.7%.
Fluence Energy’s net loss was reduced to $29.2 million in the second quarter, down from $41.9 million in the year-ago period. Adjusted EBITDA loss also narrowed to $9.44 million from $30.4 million in the same period last year.
Fluence Energy, Inc. hit a backlog of approximately $5.6 billion at the end of Q2, a record level for the company. Moreover, the firm revealed that it has signed master supply agreements with two hyperscalers and expects to convert its first order soon.
The company reaffirmed its revenue target in the range of approximately $3.2 billion to $3.6 billion for FY 2026. Meanwhile, adjusted EBITDA for the year is expected at between $40 million and $60 million.
8. Array Technologies, Inc. (NASDAQ:ARRY)
Number of Hedge Fund Holders: 35
Next on our list of the Best Clean Energy Stocks is Array Technologies, Inc. (NASDAQ:ARRY). It is a leading American company and a global provider of utility-scale solar tracker technology.
On May 8, Morgan Stanley raised its price target on Array Technologies, Inc. from $7 to $8, but kept its ‘Equal Weight’ rating on the shares.
The revised estimate comes after Array Technologies, Inc. delivered a surprise profit in its Q1 2026 report on May 6. The company posted an adjusted EPS of $0.06, topping expectations of a loss per share of $0.05. The company’s revenue of $223.4 million also exceeded expectations by just under $22 million, despite a YoY decline of 26% due to lower ASPs driven by project mix.
Array Technologies, Inc. reported an adjusted EBITDA of $29 million in the first quarter, an $18 million improvement sequentially. Volumes also increased by approximately 15% QoQ. Notably, the company ended the quarter with a record $2.4 billion order book, driven by growing traction for its latest products.
Array Technologies, Inc. is expecting its Q2 revenue to be in the range of $300 million to $320 million, while full-year 2026 revenue is targeted at $1.4 billion to $1.5 billion. Adjusted EBITDA for the year is forecasted to come in at $200 million to $230 million.
7. Sunrun Inc. (NASDAQ:RUN)
Number of Hedge Fund Holders: 35
Next on our list of the Best Clean Energy Stocks is Sunrun Inc. (NASDAQ:RUN). It is the leading home solar panel and battery storage company in the United States.
On May 7, Goldman Sachs analyst Brian Lee trimmed the firm’s price target on Sunrun Inc. from $20 to $18, but maintained a ‘Buy’ rating on the shares. The lowered target still reflects an upside of over 28% from the current price levels.
The target cut comes despite Sunrun Inc. posting a surprise profit and comfortably beating estimates in its Q1 report on May 6. The company also grew its revenue by over 43% YoY and topped expectations. Sunrun’s aggregate subscriber value for the quarter was $1.1 billion, above its guidance range of $850 million to $950 million. Contracted net value creation came in at $108 million, near the high end of its guided range of $25 million to $125 million.
Sunrun Inc. reiterated its full-year 2026 cash generation guidance of $250 million to $450 million, excluding potential investment related to equipment safe harboring, unchanged from the company’s prior guidance.
Sunrun Inc. was also recently included in our list of the 8 Best Wind Power and Solar Stocks to Buy Right Now.
6. SolarEdge Technologies, Inc. (NASDAQ:SEDG)
Number of Hedge Fund Holders: 35
A global leader in smart energy technology, SolarEdge Technologies, Inc. (NASDAQ:SEDG) designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations.
On May 8, Mizuho bumped up its price target on SolarEdge Technologies, Inc. from $32 to $36, while keeping a ‘Neutral’ rating on the shares.
The move comes despite SolarEdge Technologies, Inc. reporting mixed results for its Q1 2026 on May 6. The company delivered an adjusted loss of $0.43 per share during the quarter, falling behind expectations by $0.16. However, its revenue grew by over 41% YoY to $310.5 million and topped estimates by $5 million. Meanwhile, free cash flow came in at $20.7 million, down from $43.3 million in the previous quarter.
SolarEdge Technologies, Inc. is forecasting revenues to be within the range of $325 million to $355 million for the second quarter, with adjusted gross margins expected to come between 23% and 27%. The company expects to approach breakeven operating profit in the second quarter.
5. Ormat Technologies, Inc. (NYSE:ORA)
Number of Hedge Fund Holders: 35
Ormat Technologies, Inc. (NYSE:ORA) is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation, as well as energy storage solutions.
On May 11, Roth Capital increased its price target on Ormat Technologies, Inc. from $130 to $135, while maintaining a ‘Buy’ rating on the shares. The raised target represents an upside potential of almost 3% from the current share price.
The analyst firm highlighted Ormat Technologies, Inc.’s strong Q1 results, with the company comfortably beating forecasts in both profits and revenue. Ormat posted a record first-quarter revenue, delivering 75.8% YoY growth, alongside strong expansion in operating income and adjusted EBITDA. The geothermal company’s Product and Energy Storage segments significantly exceeded expectations, but were partially offset by the softer performance of the Electricity segment.
Ormat Technologies, Inc. reaffirmed its FY 2026 guidance and expects revenue to range between $1.11 billion and $1.16 billion, indicating a growth of 14.6% at the midpoint. Adjusted EBITDA for the year is targeted at between $615 million and $645 million, reflecting an increase of approximately 8.2% at the midpoint.
4. Clearway Energy, Inc. (NYSE:CWEN)
Number of Hedge Fund Holders: 36
Clearway Energy, Inc. (NYSE:CWEN) is a leading independent clean power developer and operator with over 350 clean energy projects across America.
Clearway Energy, Inc. reported its Q1 2026 results on May 7. The company reported an adjusted loss per share of $1.43 for the quarter, falling behind estimates by $1.04. However, its revenue grew by 19% YoY to $354 million and topped expectations by over $13 million. Moreover, Clearway delivered adjusted EBITDA of $257 million and CAFD or free cash flow of $70 million.
Clearway Energy, Inc. reaffirmed its FY 2026 CAFD guidance of $470 million to $510 million, as well as its 2027 CAFD per share target of $2.70 or better. Moreover, the company remains confident to achieve the top end or better of its 2030 CAFD per share target range of $2.90 to $3.10 per share.
Clearway Energy, Inc. also declared a quarterly dividend of $0.4676 per share, payable on June 15 to shareholders as of the June 1 record. The stock currently boasts an impressive annual dividend yield of 5.06%.
3. Nextpower Inc. (NASDAQ:NXT)
Number of Hedge Fund Holders: 42
Nextpower Inc. (NASDAQ:NXT) designs, engineers, and delivers an advanced energy technology platform for solar power plants, innovating across structural, electrical, and digital domains.
On May 13, Citi analyst Vikram Bagri bumped up the firm’s price target on Nextpower Inc. from $114 to $145, while maintaining a ‘Buy’ rating on the shares.
The revised target comes following Nextpower Inc.’s recent Q4 report, in which the company raised its outlook and posted a lower cost of capital. The analyst firm also highlighted Nextpower’s accelerating investment in power conversion to take advantage of the growing opportunities in the solar and data center space.
Nextpower Inc. reported strong results for its Q4 2025 on May 12, with the company exceeding estimates in both profits and revenue. Moreover, it grew its full-year revenue by 20% and ended the year with a record backlog of over $5.25 billion.
Nextpower Inc. also raised its guidance for FY 2027. The company now expects revenue in the range of $3.8 billion to $4.1 billion and adjusted EBITDA in the range of $825 million to $900 million for the year.
2. NextEra Energy, Inc. (NYSE:NEE)
Number of Hedge Fund Holders: 72
With a market cap of over $194 billion as of the writing of this article, NextEra Energy, Inc. (NYSE:NEE) is the most valuable utility company in the world. The company boasts a diverse mix of energy sources, including natural gas, nuclear, renewable energy, and battery storage.
On May 13, JPMorgan raised its price target on NextEra Energy, Inc. from $100 to $105, while maintaining an ‘Overweight’ rating on the shares. The target boost reflects an upside of over 12% from the current share price.
Similarly, earlier on May 4, Evercore ISI also increased its price target on NextEra Energy, Inc. by $10, while keeping its Outperform rating (read more details here).
The revised estimates come after NextEra Energy, Inc. exceeded earnings estimates in its Q1 2026 report, with its profit growing by almost 162% YoY to $2.18 billion. Notably, Nextera’s renewables and storage unit added 4 GW of new renewable and storage projects to its backlog, with the company’s total backlog now standing at about 33 GW.
NextEra Energy, Inc. reiterated its adjusted EPS guidance of $3.92 to $4.02 per share for FY 2026, up from $3.71 per share last year. The company is then targeting to grow its adjusted EPS at a CAGR of over 8% through 2032, and then the same from 2032 through 2035, all off the 2025 base.
1. Bloom Energy Corporation (NYSE:BE)
Number of Hedge Fund Holders: 88
Topping our list of the Best Clean Energy Stocks is Bloom Energy Corporation (NYSE:BE). The company designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. Bloom’s Energy Server generates power onsite, converting fuels like natural gas, biogas, and hydrogen into electricity without combustion.
On May 12, Barclays analyst Christine Cho raised the firm’s price target on Bloom Energy Corporation from $177 to $254, while maintaining an ‘Equal Weight’ rating on the shares.
The move comes after Bloom Energy Corporation reported better-than-expected results for its first quarter, topping estimates in sales, margins, and profits. The strong performance was driven by the rising demand for digital power as part of the ongoing artificial intelligence boom.
Following the strong start to the year, Bloom Energy Corporation raised its guidance for the full-year 2026. The company now expects adjusted EPS in the range of $1.85 to $2.25, up from $1.33 to $1.48 previously. Moreover, its revenue guidance for the year was also boosted from $3.1 billion – $3.3 billion to $3.4 billion – $3.8 billion, indicating a solid YoY growth of 80% at the midpoint.
Polen Capital, an investment management company, stated the following regarding Bloom Energy Corporation in its Q1 2026 investor letter:
“Bloom Energy Corporation is a provider of solid oxide fuel cells that play a critical role in delivering clean, reliable, “always on” power at scale. AI data centers require an enormous amount of power and one of the key challenges to date has been the inability of power grids to supply the necessary electricity to meet the constant and growing demands from AI workloads. Bloom’s “Energy Server” fuel cells help address this issue, generating cost-efficient, reliable power onsite, converting fuels like natural gas, biogas and hydrogen into electricity without combustion. With the high demand for always on, decentralized power solutions, Bloom stands to potentially benefit from both capacity expansions and new project wins tied to hyperscaler and industrial customers.”
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