5 Best Green Stocks To Invest In

4. Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders: 55

Ford Motor Company (NYSE:F), an American automobile manufacturer, aims to achieve carbon neutrality by 2050, in line with Paris Climate Agreement. The company has invested over $11.5 billion in electric vehicles through 2022, making it one of the best green stocks to invest in.

In Q2, Ford Motor Company (NYSE:F) presented a positive hedge fund sentiment, as 55 hedge funds in the Insider Monkey database were bullish on the company, up from 49 in the previous quarter. The total value of these stakes is over $2.1 billion. D E Shaw is the leading shareholder of Ford Motor Company (NYSE:F) in Q2, with over 45.3 million shares.

Recently, JPMorgan lifted its price target on Ford Motor Company (NYSE:F) to $20, while keeping an Overweight rating on the shares.

Greenlight Capital Fund mentioned Ford Motor Company (NYSE:F) in its Q1 2021 investor letter. Here is what the firm has to say:

“General Motors (GM) was a disappointment. The damage from last year’s strike consumed most of the cash flow GM would have otherwise generated in 2019. We had expected a strong bounce back in earnings and cash flow in 2020, but the annual guidance, while meeting Wall Street expectations, was worse than we expected. Further, the cash burned during the strike needed to be re-earned in order to protect GM’s investment grade rating. Pre-crisis, there would have been, at best, a minimal share repurchase late in the year. At the analyst day, our hopes that 2020 would finally be the year were dashed. We sold our stock. Over our five-year holding period, we made a 9.6% IRR on GM. In the difficult environment, its most comparable peer, Ford, lost about half its value.”