Goldman Sachs Solar and Green Energy Stocks: Top 5 Stock Picks

In this article, we will be taking a look at Goldman Sachs solar and green energy stocks: top 5 stock picks. To read our detailed analysis of the green energy market and Goldman Sachs’ second quarter holdings, you can go directly to see the Goldman Sachs Solar and Green Energy Stocks: Top 10 Stock Picks.

5. Eaton Corporation plc (NYSE:ETN)

Goldman Sachs’ Q2 Stake Value: $761.4 million

Number of Hedge Fund Holders: 51

John Eade at Argus Research maintains a Buy rating and a $250 price target on Eaton Corporation plc (NYSE:ETN) shares as of August 3.

Based in Dublin, Ireland, Eaton Corporation plc (NYSE:ETN) is a power management company. It is working with renewable electricity and solar and wind technologies to improve the quality of life for its customers while also contributing to saving the environment.

There were 51 hedge funds long Eaton Corporation plc (NYSE:ETN) in the second quarter, with a total stake value of $1.1 billion.

ClearBridge Investments said the following about Eaton Corporation plc (NYSE:ETN) in its fourth-quarter 2022 investor letter:

“Also within the secular category, our asset-light industrials names have flexed their strength through the bear market. Eaton Corporation plc (NYSE:ETN) is positioned in the sweet spot of several secular trends: two-way electricity solutions, microgrids and charging infrastructure for electric vehicles. While the company’s housing business is susceptible to near-term weakness, we believe Eaton can grow revenues in the mid-to-high single digits for several decades as its core utility customers have the rate base to cover ongoing electric infrastructure upgrades and buildouts.”