5 Best Green Energy Stocks to Buy

Page 1 of 5

In this article, we discuss the 5 best green energy stocks to buy. If you want to read about some more green energy stocks to buy, go directly to 11 Best Green Energy Stocks to Buy.

5. Plug Power Inc. (NASDAQ:PLUG)

Number of Hedge Fund Holders: 32     

Plug Power Inc. (NASDAQ:PLUG) delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power markets, and others in North America and internationally. On November 8, Plug Power posted earnings for the third quarter of 2022, reporting losses per share of $0.30, missing market estimates by $0.07. The revenue over the period was $188.6 million, up 58.9% compared to the revenue over the same period last year and missing market estimates by $58.61 million.

On November 10, Truist analyst Bronson Fleig maintained a Hold rating on Plug Power Inc. (NASDAQ:PLUG) stock and lowered the price target to $18 from $32, noting that the management has affirmed its longer-term financial framework and that its demand appears constructive.

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Plug Power Inc. (NASDAQ:PLUG) with 118.5 million shares worth more than $498.5 million. 

Page 1 of 5