In this article, we will look into the 5 cheap clean energy stocks to buy according to Wall Street analysts. If you want to read our detailed analysis, you can go to the 10 Cheap Clean Energy Stocks To Buy According to Wall Street Analysts.
5. EDP Energias de Portugal SA (OTC:EDPFY)
P/E Ratio as of March 11: 12.71
Average Upside Potential as of March 11: 38.80%
EDP Energias de Portugal SA (OTC:EDPFY) is placed among the cheap clean energy stocks to buy according to Wall Street analysts. The company is one of the largest producers of wind energy in the world. As of March 11, the company is valued at $17.67 billion and has a P/E ratio of 12.71.
EDP Energias de Portugal SA (OTC:EDPFY) has a consensus Buy rating based on recommendations from 20 Wall Street analysts, as of March 11. The average price forecast of the stock is EUR 5.2 and the high price target is EUR 6.1. The average price forecast represents a change of 38.8% from current levels.
4. Solaria Energía y Medio Ambiente, S.A. (OTC:SEYMF)
P/E Ratio as of March 11: 12.74
Average Upside Potential as of March 11: 53.63%
Solaria Energía y Medio Ambiente, S.A. (OTC:SEYMF) is one of the best cheap clean energy stocks to buy according to Wall Street Analysts. The company specializes in renewable energy solutions, photovoltaic, electric mobility, solar thermals, heat pumps, and air conditioning. As of March 11, the stock has a market capitalization of $1.59 billion and a P/E ratio of 12.74.
Solaria Energía y Medio Ambiente, S.A. (OTC:SEYMF) has an Outperform rating based on the consensus of 18 Wall Street analysts, as of March 11. It has an average price target of EUR 17.11 and a high forecast of EUR 23.2. The average price forecast represents an upside potential of 53.63% from its closing price on March 11.
3. Grenergy Renovables SA (BME:GRE)
P/E Ratio as of March 11: 14.6
Average Upside Potential as of March 11: 67.59%
Grenergy Renovables SA (BME:GRE) is a leading power-producing company specializing in renewable energy solutions. The company’s core business segments include the development, construction, operation, and maintenance of solar photovoltaic and wind power plants. As of March 11, the company has a P/E ratio of 14.6.
Grenergy Renovables SA (BME:GRE) has a consensus Buy rating from 10 Wall Street analysts, as of March 11. The average price target of the stock is EUR 40.69 and the high forecast is EUR 60. The average price forecast denotes a 67.59% upside from current levels.
2. Broadwind, Inc. (NASDAQ:BWEN)
P/E Ratio as of March 11: 6.58
Average Upside Potential as of March 11: 148.95%
Number of Hedge Fund Holders: 5
Broadwind (NASDAQ:BWEN) is placed 2nd among the cheap clean energy stocks on our list. The company manufactures clean tech structures, equipment, and components. Its renewable energy offerings include wind turbine towers and wind turbine gearboxes.
As of March 11, Broadwind, Inc. (NASDAQ:BWEN) has a consensus Buy rating from 4 analysts. The stock has an average price target of $5.87 and a high forecast of $8. The average price target represents an upside of 148.95% from current levels.
At the end of Q4 2023, Broadwind (NASDAQ:BWEN) was a part of 5 hedge funds’ portfolios, holding collective stakes worth over $1.08 million in the company. As of December 31, 2023, Millennium Management was the most prominent shareholder in the company and held a position worth $338,436.
On March 6, Amit Dayal from HC Wainwright & Co. reiterated a Buy rating on the stock and his price target of $8. Broadwind (NASDAQ:BWEN) is valued at $51.1 million and has a P/E ratio of 6.58, as of March 11.
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1. Tigo Energy, Inc. (NASDAQ:TYGO)
P/E Ratio as of March 11: 8.25
Average Upside Potential as of March 11: 227.08%
Number of Hedge Fund Holders: 4
Tigo Energy (NYSE:TYGO) tops our list of cheap clean energy stocks to buy now according to Wall Street analysts. The clean energy company designs innovative solar power storage and conversion products. Its offerings further include smart solar, module-level monitoring, PV solutions, and Flex MLPE. At the end of Q4 2023, Tigo Energy (NYSE:TYGO) was a part of 4 hedge funds’ portfolios, holding collective stakes worth over $17.75 million in the company.
Based on consensus of 4 Wall Street analysts as of March 11, Tigo Energy (NYSE:TYGO) has a Buy rating and an average price target of $3.93. The average price target represents a change of 227.08% from its current price of $1.2.
This February, HC Wainwright analyst Amit Dayal initiated coverage of Tigo Energy (NYSE:TYGO) with a Buy rating and a price target of $5. The company is valued at $70.48 million and has a P/E ratio of 8.25, as of March 11.
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You can also look at 13 Best Renewable Energy Stocks To Buy According to Hedge Funds and 10 Small-Cap Energy Stocks with Strong Returns.
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