5 Most Undervalued Solar Stocks to Buy According to Hedge Funds

4. NRG Energy, Inc. (NYSE:NRG)

Number of Hedge Fund Holders: 27

NRG Energy, Inc. (NYSE:NRG) is also one of the most undervalued solar stocks to buy according to hedge funds. NRG Energy, Inc. (NYSE:NRG) has a PE ratio of 4.28 as of January 27 market close. NRG Energy, Inc. (NYSE:NRG) also pays dividends. It has a dividend yield of over 4%. Earlier in January, NRG Energy, Inc. (NYSE:NRG) increased its dividend by a whopping 8% to $0.3775 per share. The dividend is payable on February 15 to shareholders of record as of February 1.

As of the end of the third quarter, 27 hedge funds tracked by Insider Monkey had stakes in NRG Energy, Inc. (NYSE:NRG). The total value of these stakes was $1.2 billion. The biggest stakeholder of NRG Energy, Inc. (NYSE:NRG) was Richard S. Pzena’s Pzena Investment Management which owns a $635 million stake in the company.