In this article, we will take a look at the 5 Best Clean Energy Stocks to Buy Right Now. For a deeper discussion and analysis, please refer to the 10 Best Clean Energy Stocks to Buy Right Now.
5. Ormat Technologies, Inc. (NYSE:ORA)
Number of Hedge Fund Holders: 35
Ormat Technologies, Inc. (NYSE:ORA) is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation, as well as energy storage solutions.
On May 11, Roth Capital increased its price target on Ormat Technologies, Inc. (NYSE:ORA) from $130 to $135, while maintaining a ‘Buy’ rating on the shares. The raised target represents an upside potential of almost 3% from the current share price.
The analyst firm highlighted Ormat Technologies, Inc. (NYSE:ORA)’s strong Q1 results, with the company comfortably beating forecasts in both profits and revenue. Ormat posted a record first-quarter revenue, delivering 75.8% YoY growth, alongside strong expansion in operating income and adjusted EBITDA. The geothermal company’s Product and Energy Storage segments significantly exceeded expectations, but were partially offset by the softer performance of the Electricity segment.
Ormat Technologies, Inc. (NYSE:ORA) reaffirmed its FY 2026 guidance and expects revenue to range between $1.11 billion and $1.16 billion, indicating a growth of 14.6% at the midpoint. Adjusted EBITDA for the year is targeted at between $615 million and $645 million, reflecting an increase of approximately 8.2% at the midpoint.
4. Clearway Energy, Inc. (NYSE:CWEN)
Number of Hedge Fund Holders: 36
Clearway Energy, Inc. (NYSE:CWEN) is a leading independent clean power developer and operator with over 350 clean energy projects across America.
Clearway Energy, Inc. (NYSE:CWEN) reported its Q1 2026 results on May 7. The company reported an adjusted loss per share of $1.43 for the quarter, falling behind estimates by $1.04. However, its revenue grew by 19% YoY to $354 million and topped expectations by over $13 million. Moreover, Clearway delivered adjusted EBITDA of $257 million and CAFD or free cash flow of $70 million.
Clearway Energy, Inc. (NYSE:CWEN) reaffirmed its FY 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 confident to achieve the top end or better of its 2030 CAFD per share target range of $2.90 to $3.10 per share.
Clearway Energy, Inc. (NYSE:CWEN) also declared a quarterly dividend of $0.4676 per share, payable on June 15 to shareholders as of the June 1 record. The stock currently boasts an impressive annual dividend yield of 5.06%.
3. Nextpower Inc. (NASDAQ:NXT)
Number of Hedge Fund Holders: 42
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 May 13, Citi analyst Vikram Bagri bumped up the firm’s price target on Nextpower Inc. (NASDAQ:NXT) from $114 to $145, while maintaining a ‘Buy’ rating on the shares.
The revised target comes following Nextpower Inc. (NASDAQ:NXT)’s recent Q4 report, in which the company raised its outlook and posted a lower cost of capital. The analyst firm also highlighted Nextpower’s accelerating investment in power conversion to take advantage of the growing opportunities in the solar and data center space.
Nextpower Inc. (NASDAQ:NXT) reported strong results for its Q4 2025 on May 12, with the company exceeding estimates in both profits and revenue. Moreover, it grew its full-year revenue by 20% and ended the year with a record backlog of over $5.25 billion.
Nextpower Inc. (NASDAQ:NXT) also raised its guidance for FY 2027. The company now expects revenue in the range of $3.8 billion to $4.1 billion and adjusted EBITDA in the range of $825 million to $900 million for the year.
2. NextEra Energy, Inc. (NYSE:NEE)
Number of Hedge Fund Holders: 72
With a market cap of over $194 billion as of the writing of this article, NextEra Energy, Inc. (NYSE:NEE) 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 13, JPMorgan raised its price target on NextEra Energy, Inc. (NYSE:NEE) from $100 to $105, while maintaining an ‘Overweight’ rating on the shares. The target boost reflects an upside of over 12% from the current share price.
Similarly, earlier on May 4, Evercore ISI also increased its price target on NextEra Energy, Inc. (NYSE:NEE) by $10, while keeping its Outperform rating (read more details here).
The revised estimates come after NextEra Energy, Inc. (NYSE:NEE) exceeded earnings estimates in its Q1 2026 report, with its profit growing by almost 162% YoY to $2.18 billion. Notably, Nextera’s renewables and storage unit added 4 GW of new renewable and storage projects to its backlog, with the company’s total backlog now standing at about 33 GW.
NextEra Energy, Inc. (NYSE:NEE) reiterated its adjusted EPS guidance of $3.92 to $4.02 per share for FY 2026, up from $3.71 per share last year. The company is then targeting to grow its adjusted EPS at a CAGR of over 8% through 2032, and then the same from 2032 through 2035, all off the 2025 base.
1. Bloom Energy Corporation (NYSE:BE)
Number of Hedge Fund Holders: 88
Topping our list of the Best Clean Energy Stocks is Bloom Energy Corporation (NYSE:BE). The company designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. Bloom’s Energy Server generates power onsite, converting fuels like natural gas, biogas, and hydrogen into electricity without combustion.
On May 12, Barclays analyst Christine Cho raised the firm’s price target on Bloom Energy Corporation (NYSE:BE) from $177 to $254, while maintaining an ‘Equal Weight’ rating on the shares.
The move comes after Bloom Energy Corporation (NYSE:BE) reported better-than-expected results for its first quarter, topping estimates in sales, margins, and profits. The strong performance was driven by the rising demand for digital power as part of the ongoing artificial intelligence boom.
Following the strong start to the year, Bloom Energy Corporation (NYSE:BE) raised its guidance for the full-year 2026. The company now expects adjusted EPS in the range of $1.85 to $2.25, up from $1.33 to $1.48 previously. Moreover, its revenue guidance for the year was also boosted from $3.1 billion – $3.3 billion to $3.4 billion – $3.8 billion, indicating a solid YoY growth of 80% at the midpoint.
Polen Capital, an investment management company, stated the following regarding Bloom Energy Corporation (NYSE:BE) in its Q1 2026 investor letter:
“Bloom Energy Corporation (NYSE:BE) is a provider of solid oxide fuel cells that play a critical role in delivering clean, reliable, “always on” power at scale. AI data centers require an enormous amount of power and one of the key challenges to date has been the inability of power grids to supply the necessary electricity to meet the constant and growing demands from AI workloads. Bloom’s “Energy Server” fuel cells help address this issue, generating cost-efficient, reliable power onsite, converting fuels like natural gas, biogas and hydrogen into electricity without combustion. With the high demand for always on, decentralized power solutions, Bloom stands to potentially benefit from both capacity expansions and new project wins tied to hyperscaler and industrial customers.”
While we acknowledge the potential of BE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BE and that has 100x upside potential, check out our report about the cheapest AI stock.
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