5 Cheap ESG Stocks To Invest In

In this article, we discuss the 5 cheap ESG stocks to invest in. If you want to read our detailed analysis of these stocks, go directly to the 10 Cheap ESG Stocks To Invest In.

5. Steel Dynamics, Inc. (NASDAQ:STLD)

Number of Hedge Fund Holders: 26  

PE Ratio: 6.00   

The increase in demand for steel in the post-pandemic economy, as well as an increase in pricing because of supply chain pressures, has benefited Steel Dynamics, Inc. (NASDAQ:STLD) in the past few weeks. The company recently posted market-beating earnings for the third quarter but concerns about pricing have led to some analyst downgrades. Morgan Stanley recently highlighted that steel prices may have peaked. The company was recently named on a list of 100 Best ESG Companies of 2021 by Investor’s Business Daily. It was the only steel producer on the list. 

In order to prepare for supply chain issues in the future, Steel Dynamics, Inc. (NASDAQ:STLD) announced last month that it had acquired a 45% stake in New Process Steel, a steel supply chain company. 

At the end of the second quarter of 2021, 26 hedge funds in the database of Insider Monkey held stakes worth $538 million in Steel Dynamics, Inc. (NASDAQ:STLD), the same as in the preceding quarter worth $570 million.