5 Solar Stocks Billionaires Are Loading Up On

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In this article, we discuss 5 solar stocks billionaires are loading up on. If you want to see more stocks in this selection, check out 10 Solar Stocks Billionaires Are Loading Up On

5. Daqo New Energy Corp. (NYSE:DQ)

Number of Hedge Fund Holders: 21

Number of Billionaire Investors: 10

Daqo New Energy Corp. (NYSE:DQ) specializes in the production and distribution of polysilicon for manufacturers of photovoltaic products in the People’s Republic of China. It is one of the top solar stocks found in the investment portfolios of billionaires. In Q1 2023, 10 billionaires held stakes in Daqo New Energy Corp. (NYSE:DQ). 

On May 4, Daiwa analyst Dennis Ip upgraded Daqo New Energy Corp. (NYSE:DQ) to Outperform from Hold with a $45 price target.

According to Insider Monkey’s first quarter database, 21 hedge funds were bullish on Daqo New Energy Corp. (NYSE:DQ), compared to 20 funds in the prior quarter. Billionaire Lei Zhang’s Hillhouse Capital Management is the largest stakeholder of the company, with 2 million shares worth $95.4 million. 

Follow Daqo New Energy Corp (NYSE:DQ)

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