5 Best Clean Energy Stocks to Invest In

2. Tesla, Inc. (NASDAQ: TSLA)

Number of Hedge Fund Holders: 62

Tesla, Inc. (NASDAQ: TSLA) is a manufacturer of EVs and energy generation and storage systems in the US, China, and internationally. The company has two segments, Automotive, and Energy Generation, and Storage. It ranks 2nd on our list of the best clean energy stocks to invest in.

On June 24th, Tesla, Inc. (NASDAQ: TSLA) confirmed that it would be opening the Supercharger network to other automakers by September next year, while just a day before this announcement, the company also opened its first charging station in China with solar and energy storage facilities. The company has mentioned that it plans on developing an energy business in China. Tesla, Inc.’s (NASDAQ: TSLA) Model 3 also ranked 1st on the cars.com 2021 American-Made Index, while the Model Y ranked 3rd, resulting in the stock rallying in the aftermath.

In the first quarter of 2021, the EPS for Tesla, Inc. (NASDAQ: TSLA) was $0.93, beating estimated by $0.15, while its revenue came in at $10.39 billion, increasing by 73.58% year over year and beating estimates by $112.38 million. The stock has gained 2.43% in the past 6 months.

By the end of the first quarter of 2021, 62 hedge funds out of the 866 tracked by Insider Monkey held stakes in Tesla, Inc. (NASDAQ: TSLA). The total value of their stakes was roughly $10.01 billion. This is compared to the previous quarter’s 68 hedge fund holders with a total stake value of approximately $12.3 billion.