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. 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. 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 (NYSE:BEP) 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 (NYSE:BEP) 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. (NASDAQ:NXT) 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. (NASDAQ:NXT) 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. (NASDAQ:NXT) 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.
