5 Best Solar Energy Stocks to Invest In

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In this article, we discuss the 5 best solar energy stocks to invest in. If you want to read our detailed analysis of the renewable energy industry, go directly to the 12 Best Solar Energy Stocks to Invest In.

5. Sunnova Energy International Inc. (NYSE: NOVA)

Number of Hedge Fund Holders: 26 

Sunnova Energy International Inc. (NYSE: NOVA) is a residential solar and energy storage service provider in the US. The company offers operations and maintenance, alongside monitoring, repairs, replacements, and equipment upgrades, among other services. The company ranks 5th on our list of the best solar energy stocks to invest in.

In the first quarter of 2021, Sunnova Energy International Inc. (NYSE: NOVA) had EPS of -$0.27, and its revenue came in at $41.28 million. The stock has also gained 84.77% in the past year and has a market cap of $3.95 billion. According to the Wall Street Journal, Sunnova Energy International Inc. (NYSE: NOVA) has a consensus Buy rating, with 10 Buy ratings.

By the end of the first quarter of 2021, 26 hedge funds out of the 866 tracked by Insider Monkey held stakes in Sunnova Energy International Inc. (NYSE: NOVA). The total value of their stakes was roughly $327 million. This is compared to the previous quarter’s 32 hedge fund holders with a total stake value of approximately $684 million.

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