5 Best Renewable Energy Stocks to Buy and Hold for the Next 10 Years

In this article, we discuss 5 renewable energy stocks to buy and hold for the next 10 years. If you want to see more stocks in this category, check out the 10 Best Renewable Energy Stocks to Buy and Hold for the Next 10 Years. 

5. Bloom Energy Corporation (NYSE:BE)

Number of Hedge Fund Holders: 24

Bloom Energy Corporation (NYSE:BE) was incorporated in 2001 and is headquartered in San Jose, California. The company designs and manufactures solid-oxide fuel cell systems for on-site power generation. On August 17, Bloom Energy Corporation (NYSE:BE) priced its underwritten public offering of 13 million common shares at a public offering price of $26 per share, for expected gross proceeds of $338 million. The offering concluded on August 19. 

On August 25, BofA analyst Julien Dumoulin-Smith resumed coverage of Bloom Energy Corporation (NYSE:BE) with a ‘Buy’ rating and an unchanged price target of $34 after the equity raise. He continues to see momentum for the rest of 2022 at Bloom Energy Corporation (NYSE:BE) and argued that “many opportunities” are not factored in the present share price.

According to Insider Monkey’s data, 24 hedge funds were bullish on Bloom Energy Corporation (NYSE:BE) at the end of June 2022, compared to 29 funds in the prior quarter. Paul Marshall and Ian Wace’s Marshall Wace LLP is a prominent shareholder of the company, with more than 1 million shares worth $17 million.