In this article, we are going to discuss the 10 best renewable energy stocks to buy according to billionaires.
According to the Energy Information Administration, the US electricity demand reached a record level last year and is expected to soar even higher in 2026 and 2027. The strong demand comes primarily from the sprawling data centers dedicated to artificial intelligence and cryptocurrency, as well as the general electrification of homes and businesses.
As the global AI race picks up momentum, Goldman Sachs expects the US data center power demand to surge substantially from 31 GW in 2025 to 66 GW by 2027. Keeping up with this accelerating demand requires continued substantial investments in clean, cheap, reliable, and renewable power sources.
As a result, the country’s clean energy developers announced more than 50 new utility-scale solar, wind, and battery storage projects in the first quarter of 2026, according to data from E2’s latest “Clean Economy Works” report. The projects represent a planned investment of over $18 billion and are expected to add over 12 GW of new electricity generation and storage capacity to the grid.
Moreover, the recent Clean Energy Investment Trends report by ACORE by S&P Global Energy has predicted that the total US investment in renewable energy this year could surpass the levels seen in 2025, as developers race to meet the soaring demand growth and claim expiring wind and solar tax credits.
With that said, here are the Best Clean Energy Stocks to Buy Now.
Our Methodology
To collect data for this article, we used our stock screeners to identify renewable energy stocks with the highest number of billionaire holders at the end of Q1 2026, 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 Billionaires.
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. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
10. Brookfield Renewable Partners LP (NYSE:BEP)
Number of Billionaire Holders: 4
Brookfield Renewable Partners LP (NYSE:BEP) operates one of the world’s largest publicly traded platforms for renewable power and decarbonization solutions. The company’s diversified portfolio of hydro, wind, solar, distributed energy, storage, and sustainable solutions spans five continents, totaling over 47.3 GW of generating capacity.
On May 29, Scotiabank upped its price target on Brookfield Renewable Partners LP from $36 to $42, while maintaining an ‘Outperform’ rating on the shares. The target boost indicates an upside of 15% from the current levels.
According to Scotiabank, there are “numerous strong tailwinds evident” for Brookfield Renewable. Moreover, the analyst highlighted the company’s massive scale, strong access to capital, and established relationships with hyperscales as key competitive advantages, allowing it to secure attractive opportunities and ensure long-term growth.
Brookfield Renewable Partners LP delivered a record FFO of $375 million or $0.55 per share in its Q1 report last month, up 15% YoY, benefiting from the company’s diverse global fleet, growth activities, and scaling capital recycling. However, its revenue fell by over 4% YoY to $1.51 billion and fell below Wall Street estimates. Notably, Brookfield ended the quarter with over $4.7 billion of available liquidity, allowing the company substantial flexibility to invest into growth opportunities.
9. Nextpower Inc. (NASDAQ:NXT)
Number of Billionaire Holders: 12
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 June 1, Susquehanna analyst Charles Minervino boosted the firm’s price target on Nextpower Inc. from $161 to $180, while keeping a ‘Positive’ rating on the shares. The revised target represents an upside of almost 23% from the current levels.
The move comes after Nextpower Inc. announced on May 28 that it would acquire battery company Prevalon Energy in a deal worth as much as $365 million, marking the solar-tracking provider’s entry into energy storage and the fast-growing AI data-center market. The acquisition will allow Nextpower to broaden its presence in the utility-scale storage market, leveraging Prevalon’s portfolio of more than 6 GWh of systems deployed and 1.3 GW of supply contracts for AI data centers to manage their rapid load swings.
Notably, Nextpower Inc. revealed that the deal allows it to raise its FY 2027 revenue guidance to the range of $4 billion to $4.4 billion, up from its prior outlook of $3.8 billion to $4.1 billion. The company also upped its adjusted EBITDA forecast to between $845 million and $930 million, versus its previous guidance of $825 million to $900 million. Moreover, Nextpower’s management expressed confidence in their ability to exceed their long- term 2030 targets.
8. Dominion Energy, Inc. (NYSE:D)
Number of Billionaire Holders: 12
Dominion Energy, Inc. (NYSE:D) provides regulated electricity service to 3.6 million homes and businesses in Virginia, North Carolina, and South Carolina, and regulated natural gas service to 500,000 customers in South Carolina.
On May 28, Jefferies upgraded Dominion Energy, Inc. from ‘Hold’ to ‘Buy’, while also raising its price target on the stock from $65 to $76. The revised target, which represents an upside of 14% from the current levels, comes following reports of the acquisition deal with NextEra Energy.
Jefferies expects meaningful upside potential for Nextera following the deal. Moreover, the analyst believes that Dominion Energy is “worth materially more than before” even if the deal does not come to fruition. This view is supported by the enactment of Virginia House Bill 895, which has significantly expanded the state’s renewable energy storage targets to manage the soaring power demand. The legislation has unlocked additional investments in energy storage projects, supporting strong EPS growth in the future.
Nextera announced plans to acquire Dominion Energy on May 18, with the $66.8 billion deal expected to create the largest regulated electric utility in the world. The transaction is expected to close in 12 to 18 months, with the combined entity emerging as the global leader in renewable energy and battery storage.
7. Clearway Energy, Inc. (NYSE:CWEN)
Number of Billionaire Holders: 13
Next on our list of the Best Clean Energy Stocks is Clearway Energy, Inc. (NYSE:CWEN). It is a leading independent clean power developer and operator with over 350 clean energy projects across America.
On May 27, Morgan Stanley raised its price target on Clearway Energy, Inc. from $56 to $60, while keeping an ‘Overweight’ rating on the shares. The target boost, which represents an upside of almost 49% from the current price level, comes despite the company reporting mixed results for its Q1 2026 last month.
Clearway Energy, Inc. reported an adjusted loss per share of $1.43 for the first quarter, significantly falling behind expectations by $1.04. However, the company grew its revenue by 19% YoY to $354 million and exceeded estimates 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 full-year 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 focused on delivering the top end or better of its 2030 CAFD per share target range of $2.90 to $3.10 per share.
6. Fluence Energy, Inc. (NASDAQ:FLNC)
Number of Billionaire Holders: 14
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.
Fluence Energy, Inc. received a significant boost on June 1 when it was reported that the company would collaborate with Siemens and Nvidia to develop a design for artificial intelligence data centers. The blueprint, which incorporates design solutions from nVent Electric, aims to turn Nvidia’s AI factory concept into actual, deployable systems for data center providers. The reference plans involve a 136 MW data center facility that would incorporate Fluence’s battery storage technology.
Jeff Monday, Chief Growth Officer at Fluence, commented:
“Our Smartstack platform is central to this new architecture, transforming the grid into an accelerator for compute. By providing essential capabilities like voltage and frequency ride through, black start, grid demand response, and AI load smoothing, we are enabling our customers to build the AI factories of the future, faster and more reliably.”
According to the analysts over at Barclays, the agreement would mark a potential new sales channel for Fluence Energy, Inc.. The analyst firm maintains an ‘Equal Weight’ rating and $16 price target on the stock.
5. Shoals Technologies Group, Inc. (NASDAQ:SHLS)
Number of Billionaire Holders: 16
Shoals Technologies Group, Inc. (NASDAQ:SHLS) is a leading provider of electrical balance of systems (EBOS) solutions for solar, energy storage, and data centers.
On May 29, TD Cowen raised its price target on Shoals Technologies Group, Inc. from $10 to $14, while maintaining a ‘Buy’ rating on the shares. The target boost reflects an upside potential of 13% from the current share price.
The move comes after the analyst firm recently met with the company’s management to discuss several key topics. These include the prospects of revenue growth, long-tail BLA mix, the partnership with ON.energy, the AirLink white-space opportunity, manufacturing consolidation efforts, and the competitive macro-environment.
Shoals Technologies Group, Inc. exceeded expectations in its Q1 2026 report last month. The company grew its revenue by 75% YoY to over $140 million, driven by strong underlying demand of its products, the impact of market share capture initiatives, and an increase in volume of projects in the current year.
Shoals Technologies Group, Inc. raised its full-year 2026 revenue guidance to between $600 million and $640 million, compared to $560 million to $600 million previously. Moreover, its adjusted EBITDA for the year is now expected in the range of $118 million to $132 million, up from its previous forecast of $110 million to $130 million.
4. Enphase Energy, Inc. (NASDAQ:ENPH)
Number of Billionaire Holders: 18
Enphase Energy, Inc. (NASDAQ:ENPH) is a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems.
On May 29, TD Cowen doubled its price target on Enphase Energy, Inc. from $35 to $70, but maintained a ‘Hold’ rating on the shares. The revision, which reflects an upside of just over 1% from the current levels, comes after the analyst firm had a meeting with the company’s management. The key topic of discussion was the potential opportunity surrounding the solid-state transformer (SST) technology, which has garnered increased investor interest and optimism.
Purpose-built for AI data centers, Enphase’s IQ SST technology is designed to replace traditional centralized power conversion with a distributed “supercluster” architecture. The company expects the initial annual US addressable opportunity for the system in AI data centers to exceed 11 GW by 2031. Enphase projects the full system demonstrations of the platform later this year, with customer pilots expected in 2027 and volume shipments in 2028.
3. Duke Energy Corporation (NYSE:DUK)
Number of Billionaire Holders: 18
Duke Energy Corporation (NYSE:DUK) engages in the distribution of natural gas and energy-related services. The company owns and operates a diverse mix of regulated power plants – including hydro, nuclear, solar, battery storage, etc.
On June 2, BTIG trimmed its price target on Duke Energy Corporation from $141 to $139, but maintained a ‘Buy’ rating on the shares. The lowered target still indicates an upside of almost 15% from the current levels.
BTIG believes that Duke Energy Corporation’s relatively new management has improved the company’s financial execution. The analyst firm also expressed optimism regarding the utility’s scale, geographical diversity, and prudent approach to managing the soaring load growth.
Duke Energy Corporation has also emerged as a key energy supplier in the ongoing AI boom. The utility signed 2.7 GW of electric service agreements with data center customers during the first quarter, bringing its total executed agreements to around 7.6 GW. Moreover, the company announced that it was in advanced discussions on a further 15.4 GW of data centers.
2. Bloom Energy Corporation (NYSE:BE)
Number of Billionaire Holders: 21
Bloom Energy Corporation (NYSE:BE) designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally
On June 1, UBS reaffirmed its ‘Buy’ rating on Bloom Energy Corporation and assigned the stock a price target of $322, indicating an upside of over 10% from the current levels.
The share price of Bloom Energy Corporation has more than doubled over the last couple of months. The company received widespread investor attention in April when it struck an expanded deal with Oracle to supply as much as 2.8 gigawatts of fuel-cell power for the software company’s data centers.
Bloom Energy further received a boost when it crushed Wall Street estimates in its first quarter report, topping estimates in revenue, margins, and profits. The strong performance was driven by the rising demand for digital power as part of the ongoing artificial intelligence boom. .
Moreover, given the impressive start to the year, Bloom Energy Corporation raised its guidance for FY 2026. The company is now forecasting adjusted earnings of between $1.85 to $2.25 per share, up from its previous range of $1.33 to $1.48. Moreover, it boosted its revenue target range for the year from $3.1 billion – $3.3 billion to $3.4 billion – $3.8 billion, reflecting a robust growth of 80% at the midpoint compared to last year.
1. NextEra Energy, Inc. (NYSE:NEE)
Number of Billionaire Holders: 24
Topping our list of the Best Clean Energy Stocks is NextEra Energy, Inc. (NYSE:NEE). With a market cap of over $176 billion as of the writing of this article, NextEra 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 26, Barclays slightly bumped up its price target on NextEra Energy, Inc. from $89 to $90, while maintaining an ‘Equal Weight’ rating on the shares. The raised target reflects an upside of over 6% from the current price level.
On the other hand, earlier on May 21, Morgan Stanley lowered its price target on NextEra Energy, Inc. from $115 to $111, but kept its ‘Overweight’ rating on the shares.
The mixed sentiment comes after Nextera announced plans to acquire Dominion Energy earlier on May 18. The $66.8 billion deal will create the largest regulated electric utility in the world, and comes at a time when the US power consumption is expected to soar to record levels amid the AI boom.
The transaction is expected to close in 12 to 18 months, with the combined entity emerging as the global leader in clean energy and battery storage.
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