5 Best Clean Energy Stocks to Invest In

3. Ford Motor Company (NYSE: F)

Number of Hedge Fund Holders: 49

Ford Motor Company (NYSE: F) is an automobile manufacturing company that has also begun dabbling in the EV business as of late. The company has three segments: Automotive, Mobility, and Ford Credit. The company ranks 3rd on our list of the best clean energy stocks to invest in.

On June 23rd, Ford Motor Company’s (NYSE: F) subsidiary Spin launched its electric scooter, the S-100T. Additionally, Barclays has also raised its price target for Ford Motor Company (NYSE: F) this month to $17 per share as opposed to the previous $15 value. The firm made favorable comments about the company because of mid-month pricing checks coming stronger than expected due to rising car prices and spending power. The new model is said to be the fastest and longest-lasting among Spin’s portfolio. In the first quarter of 2021, Ford Motor Company (NYSE: F) had an EPS of $0.89, beating estimates by $0.68, and its revenue came in at $33.55 billion, showcasing an increase of 7.06% year over year and beating estimates by $1.34 billion. The stock has gained 71.65% in the past 6 months and 79.11% year to date.

By the end of the first quarter of 2021, 49 hedge funds out of the 866 tracked by Insider Monkey held stakes in Ford Motor Company (NYSE: F). The total value of their stakes was roughly $2.19 billion. This is compared to the previous quarter’s 41 hedge fund holders with a total stake value of approximately $1.65 billion.