5 Best Environmental Stocks to Buy Now

In this article, we will discuss the 5 best environmental stocks to buy now. If you want to explore similar stocks, you can read 14 Best Environmental Stocks to Buy Now.

5. Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders: 47

Ford Motor Company (NYSE:F) is a well-established, iconic American company with a long and storied history. It has a broad portfolio of vehicles, ranging from SUVs, pickup trucks, and sedans to commercial vehicles and luxury vehicles. Ford Motor Company (NYSE:F) has been investing heavily in its electric vehicle (EV) lineup, with plans of making electric vehicles account for half of its global sales by 2030. The stock is ranked high among the best environmental stocks to buy now.

On October 26, Ford Motor Company (NYSE:F) posted earnings for the third quarter of fiscal 2022. The company reported earnings per share of $0.30 and generated a revenue of $37.19 billion, up 11.99% year over year. The company has a strong cash position and is profitable. Ford Motor Company (NYSE:F) has free cash flows of $2.63 billion and a trailing twelve-month operating margin of 7.05%.

This November, Citi analyst Itay Michaeli raised his price target on Ford Motor Company (NYSE:F) to $14 from $13 and reiterated a Neutral rating on the shares.

At the close of Q3 2022, 47 hedge funds were long Ford Motor Company (NYSE:F) and disclosed positions worth $1.18 billion. This is compared to 46 positions in the previous quarter with stakes worth $608.7 million. The hedge fund sentiment for the stock is positive. As of September 30, Fisher Asset Management is the top investor in the company and has a position worth $503.6 million.

Here is what Leaven Partners had to say about Ford Motor Company (NYSE:F) in its third-quarter 2022 investor letter:

“In our last quarterly letter, I briefly mentioned that the consensus estimates for corporate profits appeared to be a bit too sanguine. I referenced a Reuters article that reported, as of June 17, Wall Street expected S&P 500 earnings to grow by 9.6% in 2022, which was up from 8.8% in April and from 8.4% in January. That tune began to change at the end of July and accelerated in August and September, as major players, such as Ford (NYSE:F), has recently issued profit warnings and/or have withdrawn guidance. In response, Wall Street has altered its outlook: lowering third-quarter profit growth to 4.6%^[2] from 7.2% in early August and slashing full-year profit growth to 4.5%.”