5 Best Alternative Energy Stocks To Buy Now

2. NextEra Energy Inc (NYSE:NEE)

Investors with Long Positions (as of June 30): 38

Aggregate Value of Investors’ Holdings (as of June 30): $2.42 Billion

NextEra Energy Inc (NYSE:NEE) comes in at number two in the list of most popular alternative energy stocks in our database. The hedge funds we track made additional purchases during the second quarter, as the aggregate holdings in NextEra Energy dropped by just 2.02% despite a decline of 5.80% in its share price during the same period. The shares of NextEra Energy Inc (NYSE:NEE) have received a short-term rating of ‘Buy’ from analysts, with a consensus price of target of $115.67 per share, indicating upside potential of 19.80%. Daniel S. Och’s OZ Management was the largest shareholder of the company in our database, having 4.41 million shares worth $432.08 million at the end of the second quarter.

1. Sunedison Inc (NYSE:SUNE)

Investors with Long Positions (as of June 30): 93

Aggregate Value of Investors’ Holdings (as of June 30): $5.68 Billion

Sunedison Inc (NYSE:SUNE) is easily the most popular alternative energy stock in our database, with hedge funds owning 69.10% of the common shares of the company at the end of the second quarter. The aggregate hedge fund holdings rose by 27.93%, propelled by a growth of 24.63% in its share price during the same period. Despite the recent decline witnessed in Sunedison Inc (NYSE:SUNE) because of its expansion plans in emerging markets, analysts are hopeful of its growth, with Oppenheimer recently initiating coverage on the solar energy company with an ‘Outperform’ rating and price target of $18 per share. David Einhorn’s Greenlight Capital was the largest shareholder of the company in our database as of June 30, holding 24.84 million shares in its equity portfolio.

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