5 Best Wind Energy and Renewables Stocks to Buy in 2021

2. Tesla, Inc. (NASDAQ: TSLA)

Number of Hedge Fund Holders: 68  

Tesla, Inc. (NASDAQ: TSLA) is a California-based automaker founded in 2003. It is placed second on our list of 10 best wind energy and renewables stocks to buy in 2021. The company has extensive interests in the clean energy business, primarily in the battery energy storage and solar power segments. Tesla stock has returned more than 300% to investors over the past year. The firm has a market cap of more than $640 billion and posted more than $31 billion in annual revenue in 2020.

On May 7, Tesla, Inc. (NASDAQ: TSLA) increased pricing on two of its famous cars, Model 3 and Model Y, amid strong demand and supply chain pressures. The company has also recently reported record vehicle deliveries for the first quarter, boosting share price to new highs. 

At the end of the fourth quarter of 2020, 68 hedge funds in the database of Insider Monkey held stakes worth $12.3 billion in the firm, up from 67 in the preceding quarter worth $8.1 billion.