5 Best Environmental Stocks To Invest In

4. Enphase Energy, Inc. (NASDAQ:ENPH)

Number of Hedge Fund Holders: 50

Enphase Energy, Inc. (NASDAQ:ENPH) develops and sells home energy solutions for the solar photovoltaic sector globally. Ranked 4th in our list of the best environmental stocks to invest in, Enphase Energy, Inc. (NASDAQ:ENPH) expects to attain a 30% reduction in its economic emissions intensity by 2030. In 2022, Enphase Energy, Inc. (NASDAQ:ENPH) reported 100% of the recycling of harmful materials. In Q3, it reported earnings of $1.02 per share and revenue of $551.1 million.

Insider Monkey took a look at hedge fund portfolios for Enphase Energy, Inc. (NASDAQ:ENPH)’s second quarter of 2023 investments and concluded that 50 had stakes in the firm. Ken Griffin’s Citadel Investment Group was the largest stakeholder that owned 1.5 million shares of Enphase Energy, Inc. (NASDAQ:ENPH) that were valued at $259.5 million.