Below we listed the top 5 climate change stocks to buy now. For a detailed discussion as well as a more comprehensive list please see 10 Best Climate Change Stocks To Buy Now.
5. Plug Power, Inc. (NASDAQ:PLUG)
No of HFs: 21
Total Value of HF Holdings: $389 Million
Plug Power, Inc. is an American company that focuses on the development of hydrogen fuel cell systems that replace conventional batteries in equipment and vehicles powered by electricity. During the third quarter of 2020, the company posted revenue of $106.99 million surpassing Zacks Consensus estimate by 1.99%. Plug Power, Inc. is a 2020 honoree of the Albany Business Review’s Best Places to Work.
In an article, North Carolina-based asset management firm Massif Capital, LCC highlighted a few stocks and PLUG was one of them
“We also closed our short position in Plug Power this quarter as the market was subsumed with enthusiasm over their recent acquisitions, resulting in an almost 80% rally in the stock over ten trading days. Our decision to exit was painful at the time as we were forced to reconcile with a collective exuberance that was (and is, in our opinion) not grounded reality. In hindsight, it was the correct decision as we avoided most of its recent vertical trajectory.”