12 Best Wind Power and Solar Stocks To Buy

Published on February 22, 2024 at 11:20 am by Fahad Saleem in Hedge Funds, News

In this article, we will take a detailed look at the 12 Best Wind Power and Solar Stocks To Buy. For a quick overview of such stocks, read our article 5 Best Wind Power and Solar Stocks To Buy.

Renewable energy stocks suffered in 2023 amid rising interest rates and lack of incentives for the residential solar companies. The solar energy sector has a high exposure to interest rates. As the Federal Reserve began raising interest rates, solar companies began to waver. Restructuring, layoffs, cost reduction plans and bankruptcies marred the renewable energy space in 2023. But analysts believe the industry can see a turnaround in 2024.

Can Solar Stocks Rebound in 2024?

Earlier this month RBC said in a report that the solar energy industry is “near an inflection point.” RBC said the industry will see a “positive rate of change.” While RBC’s analyst Christopher Dendrinos said headwinds for the industry are expected to remain in the short-term, long-term growth catalysts for solar stocks include support from public policy, an expected decline in costs and rate cuts.

The broader solar industry recently saw an uptick after Enphase Energy Inc (NASDAQ:ENPH) management during its fourth quarter earnings call said the company is expecting a turnaround to begin in the second quarter. Enphase Energy Inc (NASDAQ:ENPH) CEO Badri Kothandaraman said the first quarter of 2024 could be the “bottom” quarter as demand in Europe is showing signs of recovery. Enphase Energy Inc (NASDAQ:ENPH) also expects “non-California” states to rebound “quickly.”

As the world focused its attention on inflation, rate hikes and possibility of recession, solar and wind stocks remained on the backburner over the past several months. But that does not mean the renewable energy sector has lost its growth catalysts that made it one of the hottest investment areas in the world in the first place. A BloombergNEF report on renewable energy investments said that annual global investments in energy transition technologies jumped to $1.77 trillion in 2023. This was a new all-time high and showed a 17% growth on a year-over-year basis.

The Bloomberg report also said investments in renewable energy projects like wind, solar, biofuels jumped 8% in 2023 to $623 billion.

Wind turbines against a backdrop of the sky, signifying the power of renewable energy.

Methodology

For this article we scoured different solar and wind energy ETFs and picked 12 stocks with the highest number of hedge fund investors. These are the best solar and wind stocks to buy according to hedge funds tracked by Insider Monkey as of the end of 2023. Some top names in the list include Tesla, Inc. (NASDAQ:TSLA), NextEra Energy Inc (NYSE:NEE) and General Electric Co (NYSE:GE). Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here).

12. Brookfield Renewable Partners LP (NYSE:BEP)

Number of Hedge Fund Investors: 17

Brookfield Renewable Partners L.P. (NYSE:BEP) is one of the world’s largest investors in the renewable energy space with projects in hydro, wind, solar, distributed energy and sustainable solutions. Earlier this month Brookfield Renewable Partners L.P. (NYSE:BEP) posted fourth quarter results. FFO in the period came in at $0.38, beating estimates by $0.01. Revenue in the quarter jumped 10.9% year over year to $1.32 billion, beating estimates by $130 million.

ClearBridge Sustainability Leaders Strategy made the following comment about Brookfield Renewable Partners L.P. (NYSE:BEP) in its Q3 2023 investor letter:

“Utilities NextEra Energy Partners, LP and Brookfield Renewable Partners L.P. (NYSE:BEP) have struggled of late due to macro conditions and a general cooling of sentiment and outflows from the clean energy sector as a whole. We continue to own Brookfield, which we view as one of the highest-quality pure-play decarbonization investments, characterized by a 5% dividend yield, stable fundamentals (over 90% of its cash flows are contracted with an average term of 14 years), a best-in-class balance sheet and adequate access to capital.”

11. Clearway Energy Inc Class C (NYSE:CWEN)

Number of Hedge Fund Investors: 22

New Jersey-based Clearway Energy Inc Class C (NYSE:CWEN) is one of the best wind and solar stocks to buy according to hedge funds. The company has over 5,500 net MW of installed wind and solar generation projects.

Earlier this month Clearway Energy Inc Class C (NYSE:CWEN) increased its dividend by 1.7%.

Like Clearway, hedge funds also like Tesla, Inc. (NASDAQ:TSLA), NextEra Energy Inc (NYSE:NEE) and General Electric Co (NYSE:GE).

10. Dominion Energy Inc (NYSE:D)

Number of Hedge Fund Investors: 26

Virginia -based energy company Dominion Energy Inc (NYSE:D) is working on several major solar and wind energy projects. The company’s 2.6-gigawatt offshore wind energy project Coastal Virginia Offshore Wind (CVOW) is ready to begin offshore construction in 2024.

However, on February 22, Dominion Energy Inc (NYSE:D) said it agreed to sell 50% non-controlling interest in the Coastal Virginia Offshore Wind commercial project to global infrastructure investor Stonepeak. Dominion Energy Inc (NYSE:D) will retain full operational control of the construction and operations of CVOW.

As of the end of the fourth quarter of 2023, 26 hedge funds tracked by Insider Monkey had stakes in Dominion Energy Inc (NYSE:D).

9. Solaredge Technologies Inc (NASDAQ:SEDG)

Number of Hedge Fund Investors: 32

Solar technology company Solaredge Technologies Inc (NASDAQ:SEDG) ranks ninth in our list of the best wind power and solar stocks to buy now.

As of the end of the fourth quarter of 2023, 32 hedge funds out of the 933 funds tracked by Insider Monkey had stakes in Solaredge Technologies Inc (NASDAQ:SEDG). The biggest stake in Solaredge Technologies Inc (NASDAQ:SEDG) is owned by John Overdeck and David Siegel’s Two Sigma Advisors which owns an $103.4 million stake in Solaredge Technologies Inc (NASDAQ:SEDG).

ClearBridge Select Strategy made the following comment about SolarEdge Technologies, Inc. (NASDAQ:SEDG) in its Q3 2023 investor letter:

“Solar energy technology companies SolarEdge Technologies, Inc. (NASDAQ:SEDG) and Shoals, meanwhile, saw headwinds from destocking in the U.S. and Europe. U.S. demand could slow further due to new net metering rules that reduce the value to consumers from sending excess residential solar energy back to the grid. SolarEdge, which makes inverters for solar systems as well as residential and commercial battery systems, is also facing rising battery competition in the U.S. from Tesla.”

8. Nextracker Inc (NASDAQ:NXT)

Number of Hedge Fund Investors: 33

Nextracker Inc (NASDAQ:NXT) provides integrated solar tracker and software solutions used in utility-scale and ground-mounted solar projects.

Insider Monkey’s database of 933 hedge funds updated for the fourth quarter of 2023 shows that 33 hedge funds had stakes in Nextracker Inc (NASDAQ:NXT).

Last month Nextracker Inc (NASDAQ:NXT) posted solid Q4 results and upped its guidance. Adjusted EPS in the period came in at $0.96, beating estimates by $0.47. Revenue in the quarter jumped 38.4% year over year to $710.43 million, beating estimates by $92.94 million.

7. Sunrun Inc (NASDAQ:RUN)

Number of Hedge Fund Investors: 35

Sunrun Inc (NASDAQ:RUN) ranks seventh in our list of the best wind power and solar stocks to buy now. A total of 35 hedge funds in Insider Monkey’s database of 933 hedge funds had stakes in Sunrun Inc (NASDAQ:RUN) as of the end of 2023.

Last month, Goldman Sachs published a list of stocks it believes could gain based on the relationship between weak pricing power and EBIT margins. Goldman said stocks with weak pricing power typically outperform as EBIT margins improve. Sunrun Inc (NASDAQ:RUN) made it to the list.

William B. Gray’s Orbis Investment Management had a $279 million stake in Sunrun Inc (NASDAQ:RUN) as of the end of 2023.

6. Enphase Energy Inc (NASDAQ:ENPH)

Number of Hedge Fund Investors: 43

Enphase Energy Inc (NASDAQ:ENPH) is in the spotlight after Enphase Energy Inc’s (NASDAQ:ENPH) CEO Badri Kothandaraman said the company could begin to see a turnaround in business in the second quarter of 2024. Net income of Enphase Energy Inc (NASDAQ:ENPH) fell to $21 million in the fourth quarter of 2024 from $154 million in the same quarter last year. Here are the comments of the CEO that are causing a renewed hope in the solar sector and lifting many solar stocks:

“We think Q1 could be the bottom quarter. Europe is already showing early signs of recovery, and we expect the non-California states to bounce back quickly.

California is the exception as NEM 3.0 is having some hiccups in the near-term. However, we remain very bullish about NEM 3.0 in the long-term. The payback is very attractive for solar plus storage. The utility rates are going up steeply on an annual basis, and the sales teams are learning fast. We see that the demand is going to eventually bounce back up in California as well. I’ll wrap up outlining our approach during these times. We are laser focused on ease of doing business on both high quality and great customer service. We are doubling down on operational excellence, correcting the channel and factory inventory concentrating on sell-through and installer count reducing our expenses and product costs and maintaining healthy gross margins.

We are getting many new products out and diversifying our portfolio rapidly. We are expanding worldwide with full systems comprising of IQ8 microinverters, IQ batteries, EV chargers and energy management software. We are introducing products with the small commercial solar markets worldwide and making continuous enhancements to our installer platform. In addition, we are innovating on GaN-based IQ9 and 10 microinverters, along with bidirectional EV chargers, our fourth and fifth generation IQ battery and AI-based energy management software to position us well for the long-term.”

Read the entire Q4 earnings call transcript here.

In addition to Tesla, Inc. (NASDAQ:TSLA), NextEra Energy Inc (NYSE:NEE) and General Electric Co (NYSE:GE), Enphase is a top renewable energy stock according to hedge funds.

ClearBridge Sustainability Leaders Strategy made the following comment about Enphase Energy, Inc. (NASDAQ:ENPH) in its Q3 2023 investor letter:

“Against this backdrop the Strategy underperformed, with the majority of detractors renewable- or utility-related companies suffering largely from cyclical interest rate pressures that have pushed up financing costs for the companies and weighed on income-producing sectors such as utilities. Most acutely, higher interest rates have dampened near-term U.S. residential solar demand, hurting Enphase Energy, Inc. (NASDAQ:ENPH) in particular. As a result, we sold Enphase, and invested proceeds into SolarEdge Technologies, which has greater exposure to European and utility-scale end markets, which are under comparatively less pressure.”

Click to continue reading and see the 5 Best Wind Power and Solar Stocks To Buy.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on June 23, 2025 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

The AI infrastructure supercycle
The onshoring boom driven by Trump-era tariffs
A surge in U.S. LNG exports
And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

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12 Best Wind Power and Solar Stocks To Buy

Published on February 22, 2024 at 11:20 am by Fahad Saleem in Hedge Funds, News

Can Solar Stocks Rebound in 2024?

12. Brookfield Renewable Partners LP (NYSE:BEP)

11. Clearway Energy Inc Class C (NYSE:CWEN)

10. Dominion Energy Inc (NYSE:D)

9. Solaredge Technologies Inc (NASDAQ:SEDG)

8. Nextracker Inc (NASDAQ:NXT)

7. Sunrun Inc (NASDAQ:RUN)

6. Enphase Energy Inc (NASDAQ:ENPH)

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on June 23, 2025 at by Inan Dogan, PhD

Here’s why this is a deal you can’t afford to pass up:

A New Dawn is Coming to U.S. Stocks

Published on June 13, 2025 at by Insider Monkey Staff

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12 Best Wind Power and Solar Stocks To Buy

Published on February 22, 2024 at 11:20 am by Fahad Saleem in Hedge Funds, News

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Can Solar Stocks Rebound in 2024?

12. Brookfield Renewable Partners LP (NYSE:BEP)

11. Clearway Energy Inc Class C (NYSE:CWEN)

10. Dominion Energy Inc (NYSE:D)

9. Solaredge Technologies Inc (NASDAQ:SEDG)

8. Nextracker Inc (NASDAQ:NXT)

7. Sunrun Inc (NASDAQ:RUN)

6. Enphase Energy Inc (NASDAQ:ENPH)

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on June 23, 2025 at by Inan Dogan, PhD

Here’s why this is a deal you can’t afford to pass up:

A New Dawn is Coming to U.S. Stocks

Published on June 13, 2025 at by Insider Monkey Staff