5 Best Solar Energy Stocks to Invest In Heading into 2023

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In this piece, we’ll take a look at the 5 Best Solar Energy Stocks to Invest In Heading into 2023. For more such companies, go to 12 Best Solar Energy Stocks to Invest In Heading into 2023.

5. Altus Power, Inc. (NYSE:AMPS)

Number of Hedge Fund Holders: 33

Altus Power, Inc. (NYSE:AMPS) is a clean energy electrification company headquartered in Connecticut, USA. The company creates and operates photovoltaic solar energy storage systems. The company serves commercial, industrial, public sector, and community solar consumers. In addition, Altus Power, Inc. (NYSE:AMPS) engages in several renewable energy certificate (REC) initiatives around the country.

On December 13, 2022, Ryan Levine, an analyst at Citi, reduced his price target on Altus Power, Inc. (NYSE:AMPS) to $10 while keeping a Buy rating on the stock. According to the analyst, the outlook of the company’s growth has improved materially after the Inflation Reduction Act.

As per Insider Monkey’s database, 33 hedge funds remained bullish on Altus Power, Inc. (NYSE:AMPS) at the end of the third quarter.

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