5 Biggest Green Energy Companies in the World

2. Enphase Energy, Inc. (NASDAQ:ENPH)

Market Cap: $24.84 Billion

Number of Hedge Fund Holders: 50

Enphase Energy, Inc. (NASDAQ:ENPH) designs, develops, manufactures, and sells residential energy solutions for the solar photovoltaic industry in the United States and internationally. The fourth quarter of 2021 proved to be a profitable quarter for the company. On  February 8, 2022, Enphase Energy, Inc. (NASDAQ:ENPH) reported its earnings for the fiscal fourth quarter of 2021, in which the company outperformed market consensus for both EPS and revenue. The company reported earnings per share of $0.73, beating estimates by $0.14, and generated revenues amounting to $412.72 million, beating estimates by $12.84 million.

This March, Piper Sandler analyst Kashy Harrison raised her price target on Enphase Energy, Inc. (NASDAQ:ENPH) to $237 from $227 and reiterated an Overweight rating on the shares. On March 15, Enphase Energy, Inc. (NASDAQ:ENPH) announced its acquisition of SolarLeadFactory, a company specializing in high-quality leads to solar installers.

Enphase Energy, Inc. (NASDAQ:ENPH) was a part of 50 investment portfolios at the end of the fourth quarter of 2021. The total stakes of these funds equaled roughly $763.28 million. This is compared to $637.78 million in the prior quarter with 52 positions. As of March 23, 2022, Enphase Energy, Inc. (NASDAQ:ENPH) is worth $24.84 billion on the open market and has gained 28.52% over the past twelve months.

DE Shaw upped its stakes in Enphase Energy, Inc. (NASDAQ:ENPH) by 137%. As of March 17, 2022, the fund’s stakes in the company are valued at $182.92 million, which accounts for 0.15% of the fund’s 13F portfolio. DE Shaw is the dominating shareholder in the company.