11 Cheap ESG Stocks to Buy According to Hedge Funds

7. Hewlett Packard Enterprise Company (NYSE:HPE)

Number of Hedge funds holding: 66

Forward P/E as of May 06, 2025: 8.01

Hewlett Packard Enterprise Company (NYSE:HPE) is a U.S.-based leading information technology company that provides smart solutions and cloud-based services. The core offerings of the company include servers, storage devices, networking products, software, IT support, and customized financial solutions. From retailers and distribution partners to direct sales management, independent software vendors, and equipment manufacturers, the tech giant markets through a range of experts.

Some companies get things done, while others just plan. Hewlett Packard Enterprise Company (NYSE:HPE) is one of the few companies that have successfully completed the transition to renewable energy usage in its operations. Not only this, the company is among the three companies with a net-zero target of 2040, and interim targets, validated by the Net-Zero Standard of the Science Based Targets initiative (SBTi).

Hewlett Packard Enterprise Company (NYSE:HPE) has initiated the HPE Sustainability Insight Center, incorporated into its GreenLake platform, for customers all around the globe. This makes real-time monitoring of the customers’ IT estates’ energy consumption with approximations of the related carbon footprint to allow effective management. This ensures that the client makes informed decisions that not only reduce costs but also achieve the associated sustainable IT goals. Thus, the micro-level initiative delivers returns at the macro level, and that’s what is so special about the platform.

The social strategy of Hewlett Packard Enterprise Company (NYSE:HPE) is such that it assists individuals and communities in preparing for and recovering from adverse events, particularly climate-related. It also extends support to organizations working towards protecting human rights. The Climate Technology Impact Accelerators help drive innovation to tackle climate change, with each accelerator strengthening startups with leaders from diverse backgrounds. With HPE Foundation in action, and funding organizations that fight challenges like climate change, equitable healthcare, and human rights, HPE is nothing but a perfect cheap ESG stock to invest in.