5 Most Undervalued Renewable Energy Stocks To Buy According To Analysts

In this article, we discuss the 5 most undervalued renewable energy stocks to buy according to analysts. To read the detailed analysis of the renewable energy industry, go directly to the 12 Most Undervalued Renewable Energy Stocks To Buy According To Analysts.

5. Array Technologies, Inc. (NASDAQ:ARRY)

PE Ratio as of March 21: 25

Average Upside Potential as of March 21: 37.37%

Number of Hedge Fund Holders: 32

Array Technologies, Inc. (NASDAQ:ARRY) is a New Mexico-based designer and manufacturer of solar tracking systems. According to the company’s website, it has generated 194,060 MW of clean energy and has offset 17 million MT of carbon dioxide in the U.S. As of March 21, Array Technologies, Inc. (NASDAQ:ARRY) has a PE ratio of 25.

Based on 10 Wall Street analysts’ ratings over the past three months, the stock has a consensus rating of Moderate Buy. The average price target of $19.61 has an upside of 37.37% to the stock’s current price of $14.28 as of March 21.

32 hedge funds had investments in Array Technologies, Inc.’s (NASDAQ:ARRY) stock in the fourth quarter. Herbert Frazier’s Hill City Capital has increased its investments in the stock by 98% to 8.84 million shares worth over $148.517 million, representing 13.11% of the portfolio.