5 Most Undervalued Solar Stocks To Buy According To Hedge Funds

4. Clearway Energy, Inc. (NYSE:CWEN)

Number of Hedge Fund Holders: 29

P/E Ratio as of November 2: 32.62

Clearway Energy, Inc. (NYSE:CWEN) is a renewable energy company in the United States, operating through Conventional, Renewables, and Thermal segments. The company manages wind and solar generation projects, as well as natural gas generation facilities. Clearway Energy, Inc. (NYSE:CWEN) is one of the most undervalued solar stocks to buy according to hedge funds. On November 2, the company declared a $0.3964 per share quarterly dividend, a 1.9% increase from its prior dividend of $0.3890. The dividend is payable on December 15, to shareholders of record on December 1. 

According to Insider Monkey’s second quarter database, 29 hedge funds were bullish on Clearway Energy, Inc. (NYSE:CWEN), compared to 25 funds in the preceding quarter. Israel Englander’s Millennium Management is the biggest position holder in the company.